Investment property in Hope Valley has done pretty 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 1.97%
If we look at median property appreciation over just the last three months, Hope Valley has given property investors a paper return of 0.91%. This puts Suburb as 193 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Hope Valley itself are offering an average vendor discount of -6.13% to real estate investors.
In the last year 133 properties changed hands in Hope Valley, which puts it as the 31th most active market in SA when comparing the number of sales per suburb.
Situated 12.91km from the CBD, Hope Valley is one of Tea Tree Gully localities in the postcode 5090.
Over the last year, property investments in Hope Valley, 5090 have given investors a capital gain of -4.28%. This compares badly with the 3.03% for SA as a whole.
Over the longer term, Hope Valley has seen property prices show investors a 8.53% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Hope Valley is $280000, with sellers offering an average of -6.25% off the asking price.
Advertised rents are around the $295 mark per week – giving a return of 5.48% based on the median price in Suburb