With a capital gain of -1.82% for the last 12 months, Oakdowns, 7019 has performed for property investments than its average annual 2.83% property growth over the last 5 years.
Sellers are offering property buyers an average discount of -2.51% to buyers in Oakdowns at the moment, which is less than average for the rest of TAS.
Oakdowns, 7019’s gross rental yield is 5.01%
If you compare the increase in value of investment property in Oakdowns, 7019 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 16.10%.
Comparing Oakdowns,7019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Oakdowns, 7019 is offering TAS ‘s 44th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.
Oakdowns, 7019’s gross rental yield is 5.38%
With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demandFull summary
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Sellers and buyers benefit in inner city suburb
Median unit price: $300,000
Three-year growth: 14.3%
Rental yield: 5.0%
With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demand.
Unit prices rose by 7% in the previous year, and statistics from the November 2017 quarter suggest that this positive trend is set to stay its course. With the median value still quite low at $300,000, it’s no surprise that Oakdowns is on the radar for many buyers, especially investors, seeing as the average return is 5%. Sellers also get a good deal, with the average vendor discount rate coming in at 1.8%.
Many properties in this suburb offer beautiful views of Mount Wellington and Ralph’s Bay. Residents can also spend downtime chilling in Oakdowns Park, which has sports grounds and a playground. There is also a cycling trail leading to Hobart.Close