How long can ‘JobKeepers’ afford their rent?
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
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The suburb’s capital gain of -0.47% for the past year is lower than average compared to its 4.16% growth within a five-year period.
Also in HOVE, the median home price is sitting at $638,000, and the average rent at $450, this suggests property owners could potentially earn a 3.67% increase in gross rental yield.
Property investors have seen a -0.31% 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 2.35% growth over a ten-year period. It ranks 2738th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $638,000 | $432,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.31% | 8.81% |
| Median 12 month | -0.47% | 21.83% |
| Median 3 years | 1.67% | 13.82% |
| Median 5 years | 4.16% | 37.3% |
| 10 years average annual | 2.35% | 8.57% |
| Weekly media advert. rent | $450 | $325 |
| Time on Market | 74.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.67% | 3.91% |
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