Nest Property Hobart
03 6224 2004
03 6224 2004

Property CityOAKDOWNS

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Oakdowns is a friendly and well-situated suburb on Hobart’s eastern shore, located about 15 to 16 kilometres east of the city centre, making it a practical choice for commuters and families alike. The neighbourhood blends contemporary homes and garden-space properties, many offering pleasant views toward Mount Wellington and Ralphs Bay. While the area doesn’t host retail shops directly, it benefits from nearby commercial options—including cafés, a service station, doctors, and pharmacy—just over the boundary in neighbouring Rokeby. Residents are well served by public transport, with frequent bus connections to Hobart, and enjoy outdoor space thanks to a local park with playgrounds and walking paths, plus nearby reserves. With its appealing mixture of accessibility, relaxed suburban character, and community amenities, Oakdowns makes a compelling choice for those seeking balance between urban access and peaceful residential life.

Oakdowns property market

The Oakdowns property market last month recorded 7 properties available for rent and 16 properties listed for sale. Over the past year, median prices have ranged from $711,500 for houses to $595,000 for units. For investors, houses in Oakdowns rent for around $580 per week with an annual rental yield of 4.9%, while units achieve $530 per week with a yield of 4.7%. In terms of long-term growth, the suburb has experienced an annual compound rate of 6.8% for houses and 16.2% for units.

Oakdowns is a growing suburb on Hobart’s eastern shore, offering modern homes, scenic views, and easy access to local amenities. Its close proximity to beaches, schools, and the Hobart CBD makes it an attractive choice for families and professionals alike. With strong rental returns and consistent buyer demand, Oakdowns appeals to both homeowners and investors seeking a balance between lifestyle and value.

Market trends

View median property prices* in Oakdowns to get a better understanding of local market trends.

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*Data based on sales within the 12 months to August 2025.

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