Investment property in Oakdowns has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.04%
Oakdowns,7019 was ranked 2472 in Australia by increase in median property value over the quarter.
With the median price for a house in Oakdowns being $403000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 5.10%
Oakdowns has had a pretty good year for property investment returns compared to the rest of TAS, giving investors a capital gain of 9.63% to date .
Taking the average capital gain, or increase in median house value, Oakdowns,7019 has racked up an average of 9.63% over the period. This ranks it number 838th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.23%, investors should hope to achieve an overall return of 5.41%