Suburb Profile Report for Hove SA (5048)

Hove House: Median price $650,000, Annual capital growth 5.19%, Number of sales 29, Weekly median advertised rent $418

Hove Unit: Median price $410,000, Annual capital growth 5.11%, Number of sales 19, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Hove, 5048 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -10.03%.

Taking the average capital gain, or increase in median house value, Hove,5048 has racked up an average of -10.03% over the period. This ranks it number 1636th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Hove should be aiming for at least -4.56% off the asking price, which is the average vendor discount being achieved at the moment.

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

Hove has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.64% to date .

Across a shorter period, Hove, 5048 has seen a median price increase of -7.34% over the last quarter.

Hove, 5048 is offering SA ‘s 100th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.

Often selling an investment property can take time, and in Hove the average time real estate has been on the market is 73.72 days.

Metrics i HOUSE UNIT
$650,000 $410,000
2.36% -7.34%
-10.03% -0.64%
5.19% 5.11%
$418 $310
29 19
3.34% 3.93%
47.23 73.72

Source: CoreLogic

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