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Hove, SA 5048

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Hove, SA 5048 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Hove, SA 5048”

  1. The total adult population (15 years or older) of Hove 5048 SA is 2,740, with a median age of 51. Of those, 49.71% are married, 11.09% are divorced or separated, 27.59% are single and 11.46% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $9,136. The median monthly mortgage repayment for households in this suburb is $1,991 which is 21.79% of their earnings.

    Source: ABS Census Data (2021)

  2. The tranquil suburb of Hove, postcode 5048, is perfectly situated in South Australia, boasting an estimated 1632 households and a perfect blend of community charm and urban convenience. As of Q3 2023, the typical price for houses in Hove chalks up to a robust $1,089,651, coupled by a median weekly rent of $550. This sums up to an indicative yield of 2.62%, slightly below the attractive 3% marker for cashflow-centred investors, but reasonably moderate nonetheless.

    In terms of socio-economic conditions, Hove presents a high standard, scoring 1043 out of 1217 on the IRSAD scale signaling a relatively high income level and access to economic resources. The renter to owner ratio sits comfortably at 22%, well below the 30% boundary that indicates lower long-term investment risks and creates a more appealing ‘vibe’ for the neighbourhood. Furthermore, Hove has an encouragingly low units to houses ratio of 19%, suggesting fewer competitions among landlords for tenants and a propensity towards more stable and longer tenancy periods.

    However, aspiring investors should be cautious of the Affordability Index in Hove which is relatively high at 47 years, indicating a decreased affordability of houses within the area. Despite this, the housing supply metrics show great promise with a low stock on market Percentage for houses at 0.24% well below the 0.4% mark which is favourable for low supply conditions. Furthermore, sitting at 1.13 months, the inventory Level demonstrates an efficient market in absorbing new listings, suggesting a favourable low supply condition.

    The building approvals Ratio for houses is at the neutral level of 1.03%, signifying a balanced property development pace. The market demand in Hove is incredibly high as evidenced by the extremely low days on market for houses, which averages at just 13 days, and a very low vacancy rate (combined houses and units) at 0.56%. This suggests an extraordinarily high rental demand, presenting great opportunities for high rents due to the limited supply. Regrettably, the buy search index for houses currently stands at 3 indicating a limited to moderately high buyer demand for houses.

    To summarise, Hove’s property market reflects a blend of favourable and unfavourable metrics, making it a suburb worthy of keeping an eye on. For a more comprehensive view, the Relative Composite Score (RCS) developed by HtAG Analytics could prove valuable, incorporating in-depth analysis across over 80 metrics. Always remember that the property market is constantly shifting and thus maintaining an informed understanding of these changes is key to making beneficial investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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