With a capital gain of 6.39% for the last 12 months, Dover Gardens, 5048 has performed for property investments than its average annual 4.84% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Dover Gardens comes in at number 169th in SA.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Dover Gardens itself are offering an average vendor discount of -3.78% to real estate investors.
Dover Gardens is 191th on a list of best yielding suburbs for rents in SA with a 4.38% return
Property value increases in Dover Gardens have tracked just higher than the SA average of 4.27% over the last 12 months.
Taking the average capital gain, or increase in median house value, Dover Gardens,5048 has racked up an average of 5.36% over the period. This ranks it number 1000th in the whole country for real estate investors looking at median house price increases.
At number 163th 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 100.68 days.
With the median price for a house in Dover Gardens being $452000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.37%
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