Suburb Profile Report for Hove SA (5048)

Hove House: Median price $660,000, Annual capital growth 4.88%, Number of sales 32, Weekly median advertised rent $393

Hove Unit: Median price $395,000, Annual capital growth 4.51%, Number of sales 18, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Hove has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.22% to date .

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.

Sellers are offering property buyers an average discount of -6.02% to buyers in Hove at the moment, which is less than average for the rest of SA.

Property value increases in Hove have tracked lower than the SA average of 3.97% over the last 12 months.

If we look at median property appreciation over just the last three months, Hove has given property investors a paper return of -1.86%. This puts Suburb as 131 on a list of fastest fasting appreciating suburbs in SA

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Hove itself are offering an average vendor discount of -4.56% to real estate investors.

On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.

With the median price for a house in Hove being $395000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.02%

Metrics i HOUSE UNIT
$660,000 $395,000
N/A -1.86%
-2.22% -12.22%
4.88% 4.51%
$393 $305
32 18
3.09% 4.02%
43.76 87.91

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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