SA has seen average median house prices change by 2.10% which means that Hope Valley, 5090 has done well for property investors by showing a capital gain of 3.18% over the last year
A 13.25% growth in median value for property investors in Hope Valley,5090 puts this suburb at number 166th in terms of best performing suburbs in SA
Property buyers and investors in Hope Valley 5090 should be seeing an average reduction in asking price of around -6.55% . This means that Hope Valley is holding prices well when compared to other suburbs in SA.
Renters in Suburb are facing rents around $19890 per annum or $382.5 every week.
Hope Valley is in the TOP 30% in SA when comparing median price capital growth over the last year. Hope Valley gave property investors a good capital gain figure when compared to the rest of the state, with 4.96%.
While Hope Valley,5090 ranked number 22th in SA for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.88% offered to property buyers. Sellers in Hope Valley itself are offering an average vendor discount of -4.52% to real estate investors.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.48%, without taking into account capital value appreciation, which has been averaging out at 0.55%.
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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.