Property investors who have had real estate in Hope Valley, 5090 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.44%
If we look at median property appreciation over just the last three months, Hope Valley has given property investors a paper return of -0.82%. This puts Suburb as 326 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in Hope Valley are currently offering property investors an average price cut of -10.92% below the asking price at the moment.
SA has seen average median house prices change by 0.17% which means that Hope Valley, 5090 has done well for property investors by showing a capital gain of -8.71% over the last year
Hope Valley,5090 was ranked 1294 in Australia by increase in median property value over the quarter.
At number 33th of SA’s most discounted properties, Hope Valley is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Hope Valley the average time real estate has been on the market is 132.33 days.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 1.31%, investors should hope to achieve an overall return of 5.66%
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