Suburb Profile Report for Hove SA (5048)

Hove House: Median price $635,000, Annual capital growth 5.01%, Number of sales 27, Weekly median advertised rent $430

Hove Unit: Median price $442,500, Annual capital growth 7.47%, Number of sales 20, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Hove have tracked lower than the SA average of 3.22% over the last 12 months.

Over the longer term, Hove has seen property prices show investors a 25.74% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Hove is $635000, with sellers offering an average of -6.08% off the asking price.

Situated 11.57km from the CBD, Hove is one of Holdfast Bay localities in the postcode 5048.

At number 90th in the list of Australian suburbs ordered by increase in median house value over the last year, Hove, 5048 is in the top 10% with a property value increase of 21.23% recorded in median house prices.

Comparing Hove,5048 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Hove is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 119th in terms of most discounted suburbs in SA

Residents and property investors in Hove have been waiting around 78.33 days to sell a property.

Situated 11.10km from the CBD, Hove is one of Holdfast Bay localities in the postcode 5048.

HOUSE UNIT
$635,000 $442,500
0.24% -1.12%
-13.61% 21.23%
5.01% 7.47%
$430 $300
27 20
3.52% 3.53%
58.28 78.33

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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