At number 3820th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakdowns, 7019 is in the BOTTOM 10% with a property value increase of 1.44% recorded in median house prices.
Oakdowns,7019 was ranked 3780 in Australia by increase in median property value over the quarter.
Property investors should expect to get $472.5 weekly from the median priced house in this suburb.
Over the last year, property investments in Oakdowns, 7019 have given investors a capital gain of 24.32%. This compares very favourably with the 8.44% for TAS as a whole.
Oakdowns,7019 was ranked 389 in Australia by increase in median property value over the quarter.
Situated 10.43km from the CBD, Oakdowns is one of Clarence (C) localities in the postcode 7019.
Information supplied by:
Long-term potential in this suburb
Median unit price: $352,000
Three-year growth: 29.4%
Rental yield: 5.2%
About 20 minutes’ drive from the Hobart CBD is the suburb of Oakdowns, which offers wonderful views of Mount Wellington and Ralphs Bay.
While Oakdowns itself is a bit thin on available amenities, it is surrounded by suburbs that meet shopping and entertainment needs, such as Lauderdale and Rokeby.
Residents can find rest and relaxation at Oakdowns Park, which has facilities that are perfect for ball games and a playground for kids. An intercity cycle way winds along South Arm Highway.
Oakdowns is on a roll, with unit values soaring by 11.7% over the 12 months to December 2018 to maintain a trend that has been established since 2013. Moreover, properties barely spend any time on the market at all before being snapped up in an average of just 12 days.