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%