Suburb Profile Report for Hope Valley SA (5090)

Hope Valley House: Median price $390,000, Annual capital growth 4.49%, Number of sales 131, Weekly median advertised rent $340

Hope Valley Unit: Median price $280,000, Annual capital growth 3.19%, Number of sales 27, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2697th in the list of Australian suburbs ordered by increase in median house value over the last year, Hope Valley, 5090 is in the BOTTOM 40% with a property value increase of 1.37% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Hope Valley,5090 has racked up an average of 1.37% over the period. This ranks it number 2651th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Hope Valley is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 235th in terms of most discounted suburbs in SA

On average over the past year, suburb has had 10.92 sales per month, which equates to 131 per year.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

If you compare the increase in value of investment property in Hope Valley, 5090 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.41%.

Over the longer term, Hope Valley has seen property prices show investors a 4.58% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Hope Valley is offering property investors an average of -6.30. This rate of discount on properties puts Suburb at number 92th in terms of most discounted suburbs in SA

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

With the median price for a house in Hope Valley being $280000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.39%

Metrics i HOUSE UNIT
$390,000 $280,000
1.30% -0.68%
1.37% -1.41%
4.49% 3.19%
$340 $290
131 27
4.53% 5.39%
48.58 79.84

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 7639
Median household income ($/weekly) 944
Median age of persons 46
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 868 11.4
    35-44 years 896 11.7
    45-54 years 851 11.1
    55-64 years 943 12.3
    75-84 years 844 11.1
    Others 3236 42.4
    Age Group
    Census Count Percent(%)
    Registered Married 2988 52.3
    Not Married 2329 40.8
    Defacto Relationship 397 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5445 74.1
    Greece 114 1.6
    Japan 167 2.3
    United Kingdom 825 11.2
    Other 249 3.4
    Others 550 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 83 1.2
    Christianity 5055 73.1
    Islam 59 0.9
    Other Religious Groups 48 0.7
    No Religion 1624 23.5
    Others 45 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 295 10.5
    $400-$599 430 15.2
    $600-$799 322 11.4
    $800-$999 295 10.5
    $1,500-$1,999 333 11.8
    Others 1146 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2831 45.5
    Employed, worked full-time 1945 31.3
    Employed, worked part-time 1067 17.2
    Employed, away from work 197 3.2
    Unemployed, looking for work 181 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 596 18.6
    Technicians & trades workers 549 17.1
    Community & personal service workers 364 11.3
    Clerical & administrative workers 563 17.5
    Sales 333 10.4
    Others 805 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 73 5.2
    Infants/Primary 536 38.3
    Secondary 331 23.6
    Technical or Further Educational Institution 162 11.6
    University or other Tertiary Institutions 243 17.4
    Others 55 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5597 81.3
    Semi-detached, row or terrace house, townhouse 1079 15.7
    Flat, unit or apartment 206 3.0
    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 1055 35.4
    Being purchased 1020 34.2
    Rented 533 17.9
    Other tenure type 375 12.6
    Tenure Type
Census 2011, ABS
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