Suburb Profile Report for Hove SA (5048)

Hove House: Median price $660,000, Annual capital growth 5.51%, Number of sales 37, Weekly median advertised rent $405

Hove Unit: Median price $395,000, Annual capital growth 4.01%, Number of sales 22, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 4.18% for the last 12 months, Hove, 5048 has performed for property investments than its average annual 5.51% property growth over the last 5 years.

Over the longer term, Hove has seen property prices show investors a 12.82% return over the last 3 years. This is worse than over the last 12 months

At number 24th of SA’s most discounted properties, Hove is in the bottom 10% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Hove being $660000 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 3.19%

Investment property in Hove has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.73%

Across a shorter period, Hove, 5048 has seen a median price increase of -3.66% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Hove itself are offering an average vendor discount of -3.59% to real estate investors.

With the median price for a house in Hove being $395000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.48%

Metrics i HOUSE UNIT
$660,000 $395,000
N/A -3.66%
4.18% -11.73%
5.51% 4.01%
$405 $340
37 22
3.19% 4.48%
57.95 70.47

Source: CoreLogic

DSR Score for property investment : Good (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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