Over the last year, property investments in Hove, 5048 have given investors a capital gain of -6.43%. This compares very badly with the 3.17% for SA as a whole.
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.
LACK OF BUYER INTEREST may well be the reason that Hove is offering property investors an average of -6.41. This rate of discount on properties puts Suburb at number 237th in terms of most discounted suburbs in SA
In the last year 30 properties changed hands in Hove, which puts it as the 299th most active market in SA when comparing the number of sales per suburb.
Advertised rents are around the $405 mark per week – giving a return of 3.22% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -3.59% for the last year, Hove, 5048 is the 1331th highest performer in Australia in this respect.
Over the longer term, Hove has seen property prices show investors a 16.31% return over the last 3 years. This is worse than over the last 12 months
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 -5.66% is being offered, which puts this SA suburb at 571th most discounted overall in Australia.
Property investors should expect to get $300 weekly from the median priced house in this suburb.