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Dover Gardens, SA 5048

Home » SA Real Estate Data » City of Marion, SA » Dover Gardens, 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 Dover Gardens, 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.

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Yield 

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Buy 

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Rent 

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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 “Dover Gardens, SA 5048”

  1. The total adult population (15 years or older) of Dover Gardens 5048 SA is 2,567, with a median age of 39. Of those, 40.55% are married, 14.22% are divorced or separated, 39.23% are single and 6.19% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,312. The median monthly mortgage repayment for households in this suburb is $1,733 which is 23.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Dover Gardens, a suburb in SA boasts of approximately 1639 households. As of Q3 of 2023, the typical house price in this vibrant suburb is a modest $704,353. Median weekly rent sits at $507, contributing to an indicative yield of 3.74% – this yield meets the minimum market requirement that is typically attractive for cashflow-centered property investors.

    The socio-economic climate in Dover Gardens is reasonably encouraging, with an IRSAD score of 971 out of 1217, indicating a favourable socio-economic status amongst the local population. Also, the suburb has an appealing renter to owner ratio of 34%. This is under the threshold where markets become saturated with rental properties, thus presenting a beneficial potential for returns in the long term and maintaining an appealing neighbourhood ‘vibe’.

    Furthermore, Dover Gardens exhibits an exceptionally low units to houses ratio of just 1%. This low ratio advocates less competition amongst landlords for tenants, facilitating the maintenance of high rental yields.

    However, property affordability presents a challenge in the area with the affordability index totalling 38 years for full property ownership. This exceeds the favourable threshold and indicates decreased affordability and possible hurdles for potential property owners.

    Inspecting the supply metrics, the housing sector in Dover Gardens reveals favourable circumstances. stock on market percentage is low at 0.19%, positioning the market as a low supply market. The inventory level for houses stands advantageous at 0.62 months, indicating the property market’s agile response to new listings. The building approvals Ratio also suggests a favourable market condition, with a record of mere 0.81% indicating low supply.

    Days on Market for houses weighs in at 70 days, pointing to a slight lag in demand, one area the suburb could show improvement on. However, the vacancy rate at an extremely low 0.18% signals high demand, cushioning the impact of the slightly high Days on Market. The buy search index for houses shows an average rating of 5, indicating standard interest from potential buyers compared to the state/city average.

    In conclusion, although not every metric presents the most favourable conditions, the solid yield, favourable socio-economic score, low units to houses ratio, and positive supply indicators suggest that Dover Gardens maintains considerable potential for property investors or buyers agents.

    Moreover, an advanced RCS (Relative Composite Score) provided by HtAG Analytics can help effectively navigate the intricate property market landscape by processing over 80 metrics to derive comprehensive, data-driven outcomes. This sophisticated approach aids in identifying and capitalising on predominant trends in the Australian property market.

    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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