Property value increases in Hope Valley have tracked close to the SA average of 10.08% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hope Valley has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.56% to buyers in Hope Valley at the moment, which is less than average for the rest of SA.
The SA suburb of Hope Valley, 5090 is in the Tea Tree Gully (C) local government area.
If you compare the increase in value of investment property in Hope Valley, 5090 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 7.02%.
When looking at the potential capital gains offered to property investors over the last 3 years, Hope Valley comes in at number 76th in SA.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.06%, investors should hope to achieve an overall return of 5.63%
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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.