At number 2260th in the list of Australian suburbs ordered by increase in median house value over the last year, Hove, 5048 is in the BOTTOM 50% with a property value increase of 11.96% recorded in median house prices.
If we look at median property appreciation over just the last three months, Hove has given property investors a paper return of -2.90%. This puts Suburb as 452 on a list of fastest fasting appreciating suburbs in SA
At number 1862 in a list of fastest selling suburbs, Hove is just in the top half of suburbs in Australia with an average of days on market 54.8261 for properties listed there.
The SA suburb of Hove, 5048 is in the Holdfast Bay (C) local government area.
Over the last year, property investments in Hove, 5048 have given investors a capital gain of 2.44%. This compares averagely with the 4.52% for SA as a whole.
Renters in Suburb are facing rents around $16120 per annum or $310 every week.
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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.