Over the last year, property investments in Hope Valley, 5090 have given investors a capital gain of 1.69%. This compares averagely with the 1.79% for SA as a whole.
Across a shorter period, Hope Valley, 5090 has seen a median price increase of 0.62% over the last quarter.
The most recent median price for Hope Valley is $405000, with sellers offering an average of -4.39% off the asking price.
Advertised rents are around the $360 mark per week – giving a return of 4.62% based on the median price in Suburb
With a capital gain of -8.35% for the last 12 months, Hope Valley, 5090 has performed for property investments than its average annual 0.43% property growth over the last 5 years.
The five-year average increase in median property values for Hope Valley,5090 has given property investors a potential capital gain of -7.08% across each of those five years.
At number 429 in a list of fastest selling suburbs, Hope Valley is in the TOP 40% of suburbs in Australia with an average of days on market 62.7273 for properties listed there.
Hope Valley, 5090’s gross rental yield is 5.51%
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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.