Over the last year, property investments in Hove, 5048 have given investors a capital gain of 1.11%. This compares averagely with the 2.10% for SA as a whole.
If we look at median property appreciation over just the last three months, Hove has given property investors a paper return of -2.38%. This puts Suburb as 369 on a list of fastest fasting appreciating suburbs in SA
At number 215th of SA’s most discounted properties, Hove is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $23920 per annum or $460 every week.
SA has seen average median house prices change by 1.05% which means that Hove, 5048 has done well for property investors by showing a capital gain of 15.63% over the last year
While Hove,5048 ranked number 14th in SA for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.
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Growth flows steadily for beach suburb
Median unit price: $412,500
Three-year growth: 14.8%
Rental yield: 4.2%
The Adelaide suburb of Hove enjoys terrific views of the Gulf St Vincent, and is considered a lovely beachside paradise.
The suburb had a laudable 2018, with the median price for units passing the $400,000 mark following 7.1% growth in the year to November 2018. This adds another strong chapter to Hove’s years-long positive growth trend. Investors can also reap returns of 4.2% on average.
While the townhouses along the beach command the greatest prices, Hove offers a variety of properties, from 1920’s-era bungalows on large blocks of land to modern homes with a small garden.
The installation of a new electronic railway is expected to boost Hove’s appeal, as access to the city will become much easier. The Marlon shopping centre is walking distance, but Hove has many shops of its own on Jetty Road.