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.