Suburb Profile Report for Hope Valley SA (5090)

Hope Valley House: Median price $387,500, Annual capital growth 4.40%, Number of sales 133, Weekly median advertised rent $340

Hope Valley Unit: Median price $280,000, Annual capital growth 3.43%, Number of sales 30, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$387,500 $280,000
0.91% N/A
1.97% -4.28%
4.40% 3.43%
$340 $295
133 30
4.56% 5.48%
48.69 83.54

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals