Suburb Profile Report for Hove SA (5048)

Hove House: Median price $635,000, Annual capital growth 6.12%, Number of sales 36, Weekly median advertised rent $425

Hove Unit: Median price $447,500, Annual capital growth 8.01%, Number of sales 15, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hove, 5048 have given investors a capital gain of -10.56%. This compares very badly with the 2.79% for SA as a whole.

Hove,5048 was ranked 3950 in Australia by increase in median property value over the quarter.

At number 120th of SA’s most discounted properties, Hove is in the bottom 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.

With the median price for a house in Hove being $635000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 3.48%

Property value increases in Hove have tracked higher than the SA average of 4.30% over the last 12 months.

Taking the average capital gain, or increase in median house value, Hove,5048 has racked up an average of 29.71% over the period. This ranks it number 522th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.18% offered to property buyers. Sellers in Hove itself are offering an average vendor discount of -4.03% to real estate investors.

In the last year 15 properties changed hands in Hove, which puts it as the 154th most active market in SA when comparing the number of sales per suburb.

HOUSE UNIT
$635,000 $447,500
-9.29% 0.56%
-10.56% 29.71%
6.12% 8.01%
$425 $310
36 15
3.48% 3.60%
71.17 71.91

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2939
Median household income ($/weekly) 1014
Median age of persons 51
Median housing loan repayment ($/monthly) 1600
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 299 10.2
    45-54 years 372 12.7
    55-64 years 446 15.2
    65-74 years 302 10.3
    75-84 years 355 12.1
    Others 1164 39.6
    Age Group
    Census Count Percent(%)
    Registered Married 1126 50.8
    Not Married 950 42.9
    Defacto Relationship 139 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2141 75.7
    Greece 22 0.8
    Papua New Guinea 21 0.7
    United Kingdom 369 13.0
    Other 71 2.5
    Others 204 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.5
    Christianity 1892 70.2
    Hinduism 17 0.6
    Islam 16 0.6
    No Religion 738 27.4
    Others 18 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 10.2
    $400-$599 136 12.1
    $600-$799 121 10.8
    $800-$999 130 11.6
    $1,500-$1,999 143 12.7
    Others 480 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1156 46.7
    Employed, worked full-time 718 29.0
    Employed, worked part-time 465 18.8
    Employed, away from work 86 3.5
    Unemployed, looking for work 53 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 180 14.2
    Professionals 337 26.5
    Technicians & trades workers 147 11.6
    Community & personal service workers 145 11.4
    Clerical & administrative workers 204 16.1
    Others 257 20.2
    Occupation
    Census Count Percent(%)
    Pre-school 21 3.8
    Infants/Primary 177 31.9
    Secondary 169 30.5
    Technical or Further Educational Institution 49 8.8
    University or other Tertiary Institutions 120 21.7
    Others 18 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1868 71.5
    Semi-detached, row or terrace house, townhouse 415 15.9
    Flat, unit or apartment 331 12.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 504 41.4
    Being purchased 332 27.3
    Rented 296 24.3
    Other tenure type 85 7.0
    Tenure Type
Census 2011, ABS
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