If you compare the increase in value of investment property in Hope Valley, 5090 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.18%.
While Hope Valley,5090 ranked number 208th in SA for increase in median house value (annualised) increase, it is ranked 288th over the last 5 years.
Sellers are offering property buyers an average discount of -4.55% to buyers in Hope Valley at the moment, which is less than average for the rest of SA.
In the last year 114 properties changed hands in Hope Valley, which puts it as the 41th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Hope Valley being $397250 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 4.52%
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 6.41%
Hope Valley,5090 has offered an average of 6.41% return per annum in house price rises to property investors over the last three years.
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 -6.07% is being offered, which puts this SA suburb at 423th most discounted overall in Australia.
Often selling an investment property can take time, and in Hope Valley the average time real estate has been on the market is 67.55 days.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
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