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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 Price | $622,000 | $381,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.31% | -1.93% |
| 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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