Giving property investors a an average capital gain of 7.17% for the last year, Hove, 5048 is the 1715th highest performer in Australia in this respect.
Over the longer term, Hove has seen property prices show investors a 44.02% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Hove is giving property investors an average Vendor Discount of around -7.06%. This puts suburb at number 115th in SA when ranking the most discounted suburbs.
At number 1658 in a list of fastest selling suburbs, Hove is just in the top half of suburbs in Australia with an average of days on market 73.41 for properties listed there.
Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 7.76%, investors should hope to achieve an overall return of 3.06%
Property value increases in Hove have tracked higher than the SA average of 4.28% 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 5.82%. This puts Suburb as 42 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 -6.06% offered to property buyers. Sellers in Hove itself are offering an average vendor discount of -4.03% to real estate investors.
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
With the median price for a house in Hove being $450000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 3.76%