Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $510,000, Annual capital growth 5.84%, Number of sales 27, Weekly median advertised rent $473

Oakdowns Unit: Median price $361,000, Annual capital growth 2.82%, Number of sales 27, Weekly median advertised rent $390

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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TAS has seen average median house prices change by 8.73% which means that Oakdowns, 7019 has done well for property investors by showing a capital gain of 8.51% over the last year

Oakdowns,7019 has offered an average of 8.51% return per annum in house price rises to property investors over the last three years.

Property investors should expect to get $472.5 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Oakdowns, 7019 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -3.73%.

Oakdowns,7019 was ranked 1210 in Australia by increase in median property value over the quarter.

Often selling an investment property can take time, and in Oakdowns the average time real estate has been on the market is 33.8947 days.

Oakdowns, 7019’s gross rental yield is 5.62%

Information supplied by:


March 2019

M
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Long-term potential in this suburb

Postcode: 7019

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.

Metrics i HOUSE UNIT
$510,000 $361,000
0.99% -1.10%
8.51% -3.73%
5.84% 2.82%
$473 $390
27 27
4.82% 5.62%
29.2173913043478 33.8947368421053

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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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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