The suburb’s capital gain of -5.76% for the past year is lower than average compared to its 26.17% growth within a five-year period.
Also in HOVE, the median home price is sitting at $622,000, and the average rent at $405, this suggests property owners could potentially earn a 3.39% increase in gross rental yield.
Property investors have seen a -4.31% drop in HOVE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.99% growth over a ten-year period. It ranks 2429th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.76%||-3.54%|
|Median 3 years||-7.16%||11.24%|
|Median 5 years||26.17%||2.97%|
|10 years average annual||2.99%||1.9%|
|Weekly media advert. rent||$405||$320|
|Time on Market||63.3 days||51.8 days|
|Gross Rental Yield Percent||3.39%||4.37%|
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