The suburb’s capital gain of 4.18% for the past year is lower than average compared to its 23.84% growth within a five-year period.
Also in HOVE, the median home price is sitting at $660,000, and the average rent at $400, this suggests property owners could potentially earn a 3.15% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.56% growth over a ten-year period. It ranks 1374th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.18%||-12.36%|
|Median 3 years||8.2%||19.08%|
|Median 5 years||23.84%||26.21%|
|10 years average annual||5.56%||3.56%|
|Weekly media advert. rent||$400||$325|
|Time on Market||62.8 days||67.0 days|
|Gross Rental Yield Percent||3.15%||4.33%|