If you compare the increase in value of investment property in Hove, 5048 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -10.03%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hove has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Hove should be aiming for at least -4.56% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors who have had real estate in Hove, 5048 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.86%
The five-year average increase in median property values for Hove,5048 has given property investors a potential capital gain of 31.36% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.26% offered to property buyers. Sellers in Hove itself are offering an average vendor discount of -5.76% to real estate investors.
Residents and property investors in Hove have been waiting around 73.72 days to sell a property.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 6.08%, investors should hope to achieve an overall return of 3.63%