With a capital gain of 1.22% for the last 12 months, Hope Valley, 5090 has performed for property investments than its average annual 3.91% property growth over the last 5 years.
Comparing Hope Valley,5090 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hope Valley, 5090. Typically our figures indicate that -4.40% is being offered, which puts this SA suburb at 2720th most discounted overall in Australia.
A $345 per week rent on the median house gives suburb investors a gross yield of circa 4.58%, without taking into account capital value appreciation, which has been averaging out at 3.91%.
Investment property in Hope Valley has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.68%
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.23% offered to property buyers. Sellers in Hope Valley itself are offering an average vendor discount of -5.41% to real estate investors.
Often selling an investment property can take time, and in Hope Valley the average time real estate has been on the market is 56.86 days.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
Home to one of the biggest bodies of water in Adelaide, Hope Valley is highly popular among home buyers due to its affordability and many amenities.Full summary
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Home to one of the biggest bodies of water in Adelaide, Hope Valley is highly popular among home buyers due to its affordability and many amenities.
House prices come in at under $400,000 despite 4.3% growth over the past 12 months. This continues a streak of positive performances recorded over the recent five-year period. Average yield is also high at 4.5%. And although the unit market tumbled slightly in the previous year, returns for investors have soared at over 5%.
Thus, Hope Valley could serve as a good entry point into the market for first home buyers. It is close to Modbury Hospital, and is roughly a 30-minute drive from Adelaide. The suburb is also home to several schools and a well-stocked shopping centre. Close