Hope Valley has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.41% to date .
If we look at median property appreciation over just the last three months, Hope Valley has given property investors a paper return of 0.83%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Hope Valley 5090 should be seeing an average reduction in asking price of around -4.54% . This means that Hope Valley is holding prices well when compared to other suburbs in SA.
The SA suburb of Hope Valley, 5090 is in the Tea Tree Gully local government area.
Property investors who have had real estate in Hope Valley, 5090 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.57%
When looking at the potential capital gains offered to property investors over the last 3 years, Hope Valley comes in at number 91th in SA.
The most recent median price for Hope Valley is $290000, with sellers offering an average of -5.94% off the asking price.
In the last year 25 properties changed hands in Hope Valley, which puts it as the 86th most active market in SA when comparing the number of sales per suburb.
Situated 9.52km from the CBD, Hope Valley is one of Tea Tree Gully localities in the postcode 5090.
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