Over the last year, property investments in Dover Gardens, 5048 have given investors a capital gain of 9.56%. This compares very favourably with the 3.04% for SA as a whole.
Dover Gardens,5048 was ranked 1318 in Australia by increase in median property value over the quarter.
At number 379th of SA’s most discounted properties, Dover Gardens is in the TOP 10% of the state/territory when listing in order of most discounted to least.
The SA suburb of Dover Gardens, 5048 is in the Marion local government area.
Property investors who have had real estate in Dover Gardens, 5048 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.34%
While Dover Gardens,5048 ranked number 71th in SA for increase in median house value (annualised) increase, it is ranked 42th over the last 5 years.
Property investors looking for a bargain in Dover Gardens should be aiming for at least -2.06% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
Dover Gardens is a stones throw from a popular Adelaide beach area – some 14 km from the CBD. Its transport infrastructure is as good, if not better, than many of its neighbours because it is home to one of Adelaide’s largest shopping centres.Full summary
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Dover Gardens is a stones throw from a popular Adelaide beach area – some 14 km from the CBD. Its transport infrastructure is as good, if not better, than many of its neighbours because it is home to one of Adelaide’s largest shopping centres.
John Druit of Century 21 Brighton says that most of the homes are built on big blocks and that the area is a mixture of the old and the new: many older style homes are being demolished in place of brand new, modern homes. “It’s an ideal place to buy if you don’t mind being slightly further away from the coast than your neighbours,” he says, adding that, even so, most houses in the suburb are within 500m of the beach.
Despite this, neighbours Brighton ($715,000), Hove ($600,000), Marino ($525,000) and Seacombe Heights ($427,000) are significantly more expensive. Even neighbour Oaklands Park, which is much further from the ocean, is marginally more expensive with median prices around $440,000.
It’s arguable what the reasons for the imbalances are – being slightly further from the beach may be a factor – but recent data suggests that this imbalance may not last for too much longer. Dover Gardens houses are becoming increasingly popular, requiring a mere 67 days on the market to sell, on average.
Sellers also have the upper hand in negotiating prices, with the average vendor discount just tipping -5%. Vacancies are at 0% and the ratio of properties within the suburb that are up for sale is a paltry 0.1%. It’s a supply and demand situation that looks tipped in the favour of capital growth.
Walking distance to the beach
Popular shopping area