If you compare the increase in value of investment property in Oakdowns, 7019 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 9.00%.
Oakdowns,7019 was ranked 3743 in Australia by increase in median property value over the quarter.
In the last year 23 properties changed hands in Oakdowns, which puts it as the 113th most active market in TAS when comparing the number of sales per suburb.
Situated 10.55km from the CBD, Oakdowns is one of Clarence (C) localities in the postcode 7019.
Giving property investors a a stable capital gain of 7.26% for the last year, Oakdowns, 7019 is the 508th highest performer in Australia in this respect.
The five-year average increase in median property values for Oakdowns,7019 has given property investors a potential capital gain of 46.96% across each of those five years.
Situated 10.52km from the CBD, Oakdowns is one of Clarence (C) localities in the postcode 7019.
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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.