HOVE ranks 101st in SA when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 1.89% for the past year is lower than average compared to its 31.24% growth within a five-year period.
Also in HOVE, the median home price is sitting at $647,000, and the average rent at $400, this suggests property owners could potentially earn a 3.21% increase in gross rental yield.
Property investors have seen a -0.46% 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 2.97% growth over a ten-year period. It ranks 2555th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in HOVE, 5048 translates to a 19.38% capital gain.
HOVE, 5048 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $385,000.
Augmented property values in HOVE are trailing behind the SA average of 3.75% for the past year.
Real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
Home owners selling their properties and realtors in HOVE usually have to wait an average of 60.4 days days before their assets are lifted off the market.
HOVE ranks 142nd on the list of best yielding suburbs for rental properties in SA, posting a 4.19% return.