Suburb Profile Report for Hove SA (5048)

Hove House: Median price $682,500, Annual capital growth 4.86%, Number of sales 31, Weekly median advertised rent $398

Hove Unit: Median price $410,000, Annual capital growth 4.57%, Number of sales 18, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Hove, 5048 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.50%

Hove,5048 was ranked 840 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Hove are currently offering property investors an average price cut of -6.02% below the asking price at the moment.

The SA suburb of Hove, 5048 is in the Holdfast Bay local government area.

At number 1505th in the list of Australian suburbs ordered by increase in median house value over the last year, Hove, 5048 is in the BOTTOM 20% with a property value increase of -7.87% recorded in median house prices.

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.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hove, 5048. Typically our figures indicate that -5.31% is being offered, which puts this SA suburb at 633th most discounted overall in Australia.

At number 897 in a list of fastest selling suburbs, Hove is in the bottom 40% of suburbs in Australia with an average of days on market 85.41 for properties listed there.

The SA suburb of Hove, 5048 is in the Holdfast Bay local government area.

Metrics i HOUSE UNIT
$682,500 $410,000
5.00% N/A
-2.50% -7.87%
4.86% 4.57%
$398 $300
31 18
3.03% 3.80%
45.9 85.41

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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