Dover Gardens is an average performer in SA when comparing median price capital growth over the last year. Dover Gardens gave property investors a average capital gain figure when compared to the rest of the state, with 3.78%.
If we look at median property appreciation over just the last three months, Dover Gardens has given property investors a paper return of -3.03%. This puts Suburb as 381 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Dover Gardens 5048 should be seeing an average reduction in asking price of around -4.68% . This means that Dover Gardens is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.
Advertised rents are around the $397.5 mark per week – giving a return of 4.31% based on the median price in Suburb
SA has seen average median house prices change by 3.97% which means that Dover Gardens, 5048 has done well for property investors by showing a capital gain of 2.22% over the last year
Dover Gardens,5048 was ranked 1258 in Australia by increase in median property value over the quarter.
Property buyers and investors in Dover Gardens 5048 should be seeing an average reduction in asking price of around -2.62% . This means that Dover Gardens is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Property investors should expect to get $405 weekly from the median priced house in this suburb.
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
Information supplied by:
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