Dover Gardens, 5048 ranked 137th in SA when comparing growth in median property values or capital gain over the last 12 months. Dover Gardens is one of 853 in our list for SA
A 14.79% growth in median value for property investors in Dover Gardens,5048 puts this suburb at number 191th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Dover Gardens are currently offering property investors an average price cut of -4.09% below the asking price at the moment.
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
Dover Gardens, 5048’s gross rental yield is 4.47%
Giving property investors a an average capital gain of 1.96% for the last year, Dover Gardens, 5048 is the 972th highest performer in Australia in this respect.
Across a shorter period, Dover Gardens, 5048 has seen a median price increase of -1.77% over the last quarter.
At number 159th 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.
Often selling an investment property can take time, and in Dover Gardens the average time real estate has been on the market is 106.2 days.
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