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HoveHove - SUBURB PROFILE REPORT
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The suburb’s capital gain of 5.14% for the past year is lower than average compared to its 41.91% growth within a five-year period.
Also in HOVE, the median home price is sitting at $890,500, and the average rent at $450, this suggests property owners could potentially earn a 2.63% increase in gross rental yield.
Property investors have seen a 2.36% gain in HOVE based on an increase 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 4.72% growth over a ten-year period. It ranks 2435th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $890,500 | $390,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.36% | -0.26% |
| Median 12 month | 5.14% | -8.24% |
| Median 3 years | 36.79% | 8.33% |
| Median 5 years | 41.91% | -1.27% |
| 10 years average annual | 4.72% | 4.22% |
| Weekly media advert. rent | $450 | $320 |
| Time on Market | 44.5 days | 47.3 days |
| Gross Rental Yield Percent | 2.63% | 4.27% |
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