Suburb Profile Report for Dover Gardens SA (5048)

Dover Gardens House: Median price $485,000, Annual capital growth 5.64%, Number of sales 55, Weekly median advertised rent $400

Dover Gardens Unit: Median price $455,000, Annual capital growth 5.11%, Number of sales 26, Weekly median advertised rent $395

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Dover Gardens, 5048 ranked 122th 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

The five-year average increase in median property values for Dover Gardens,5048 has given property investors a potential capital gain of 21.02% across each of those five years.

Property investors looking for a bargain in Dover Gardens should be aiming for at least -3.55% off the asking price, which is the average vendor discount being achieved at the moment.

Dover Gardens, 5048 ranked 92th 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

The five-year average increase in median property values for Dover Gardens,5048 has given property investors a potential capital gain of 11.93% across each of those five years.

Our latest figures would indicate that property sellers in Dover Gardens are currently offering property investors an average price cut of -1.94% below the asking price at the moment.

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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.Full summary

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.

Kickers: 

  • Walking distance to the beach
  • Popular shopping area
  • In demand
  • Low supply 
Close
HOUSE UNIT
$485,000 $455,000
2.21% 2.13%
7.78% 3.88%
5.64% 5.11%
$400 $395
55 26
4.29% 4.51%
53.44 97.27

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2581
Median household income ($/weekly) 938
Median age of persons 38
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 280 10.8
    25-34 years 364 14.1
    35-44 years 330 12.8
    45-54 years 342 13.3
    55-64 years 341 13.2
    Others 924 35.8
    Age Group
    Census Count Percent(%)
    Not Married 970 48.5
    Registered Married 846 42.3
    Defacto Relationship 186 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1855 74.6
    Indonesia 34 1.4
    New Zealand 32 1.3
    United Kingdom 232 9.3
    Other 151 6.1
    Others 182 7.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1392 59.8
    Hinduism 43 1.8
    Islam 62 2.7
    Other Religious Groups 30 1.3
    No Religion 776 33.3
    Others 26 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 99 10.0
    $400-$599 136 13.7
    $600-$799 118 11.9
    $800-$999 93 9.4
    $1,500-$1,999 108 10.9
    Others 437 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 823 39.8
    Employed, worked full-time 684 33.1
    Employed, worked part-time 396 19.1
    Unemployed, looking for work 87 4.2
    Employed, away from work 79 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 245 21.2
    Technicians & trades workers 164 14.2
    Clerical & administrative workers 183 15.8
    Sales 141 12.2
    Labourers 120 10.4
    Others 304 26.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 203 34.3
    Secondary 116 19.6
    Technical or Further Educational Institution 73 12.3
    University or other Tertiary Institutions 143 24.2
    Other type of educational institution 42 7.1
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1788 72.3
    Semi-detached, row or terrace house, townhouse 661 26.7
    Flat, unit or apartment 24 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 406 38.3
    Being purchased 358 33.8
    Fully owned 282 26.6
    Other tenure type 14 1.3
    Tenure Type
Census 2011, ABS
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