Investment property in Dover Gardens has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.09%
When looking at the potential capital gains offered to property investors over the last 3 years, Dover Gardens comes in at number 198th in SA.
Our latest figures would indicate that property sellers in Dover Gardens are currently offering property investors an average price cut of -3.05% below the asking price at the moment.
Situated 11.98km from the CBD, Dover Gardens is one of Marion localities in the postcode 5048.
Property value increases in Dover Gardens have tracked close to the SA average of 3.52% over the last 12 months.
Over the longer term, Dover Gardens has seen property prices show investors a 13.41% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -1.85% to buyers in Dover Gardens at the moment, which is less than average for the rest of SA.
Situated 8.71km from the CBD, Dover Gardens is one of Marion localities in the postcode 5048.
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