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%