Oaks Estate

Oaks Estate is a small suburb with a population of 375 residents. It has a mix of age groups, with a higher proportion of individuals aged between 20 to 64 years. The suburb offers a median weekly household income in line with the national average, and a range of occupations, with most residents employed as professionals, managers, and technicians or trades workers. Commuting by motor vehicle is the most common mode of transport, with a notable percentage working from home. For Houses, Oaks Estate presents a moderate demand with limited properties available for sale, complemented by a steady population growth in recent years. Its high rental yield and low vacancy rate may appeal to investors seeking rental income. The suburb shows potential for renovators due to a moderate Sale Price IQR ratio. For Units, the market absorption rate is at 100%, suggesting high demand. The suburb has shown growth in median sale prices over the last 5 years, making it potentially attractive for capital growth. Oaks Estate, situated in ACT 2620, offers a peaceful residential environment with a community that consists of a diverse range of age groups and occupational backgrounds. It presents opportunities for both investors and homebuyers, with the potential for rental yield in Houses and capital growth in Units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022