Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $403,000, Annual capital growth 3.40%, Number of sales 32, Weekly median advertised rent $395

Oakdowns Unit: Median price $307,500, Annual capital growth 1.23%, Number of sales 18, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$403,000 $307,500
0.50% 6.03%
7.04% 9.63%
3.40% 1.23%
$395 $320
32 18
5.10% 5.41%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Excellent (U), Very good (H)
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Demographics
Total population 988
Median household income ($/weekly) 1257
Median age of persons 31
Median housing loan repayment ($/monthly) 1690
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 110 11.1
    5-14 years 121 12.3
    20-24 years 90 9.1
    25-34 years 195 19.8
    35-44 years 144 14.6
    Others 327 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 320 47.1
    Not Married 231 34.0
    Defacto Relationship 129 19.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 851 92.3
    Italy 4 0.4
    South Africa 7 0.8
    United Kingdom 37 4.0
    Other 11 1.2
    Others 12 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 627 72.1
    No Religion 243 27.9
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 12.5
    $1,000-$1,249 44 12.5
    $1,250-$1,499 36 10.2
    $1,500-$1,999 63 17.9
    $2,000-$2,499 44 12.5
    Others 121 34.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 312 44.0
    Not in the labour force 187 26.4
    Employed, worked part-time 166 23.4
    Employed, away from work 30 4.2
    Unemployed, looking for work 14 2.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 66 13.0
    Technicians & trades workers 95 18.8
    Community & personal service workers 70 13.8
    Clerical & administrative workers 104 20.6
    Sales 61 12.1
    Others 110 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.3
    Infants/Primary 91 48.7
    Secondary 43 23.0
    Technical or Further Educational Institution 13 7.0
    University or other Tertiary Institutions 25 13.4
    Others 5 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 666 73.4
    Semi-detached, row or terrace house, townhouse 241 26.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 212 57.9
    Fully owned 90 24.6
    Rented 64 17.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals