Hope Valley is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5090). The area has roughly 8,184 residents and a settled, mature resident base, with a median age of 46. Households earn a median income of $66K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Italian.
Median house prices in Hope Valley stand at $940,000, having posted strong gains by 5.3% over the last twelve months. Units have a median price of $549,000 (+12.6% YoY). The current median weekly rent is $458. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,517.
Hope Valley is served by 4 schools, including 2 primary, 1 combined, 1 special. The average ICSEA score is 1037, which is around the national average of 1,000. Public transport access includes 39 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 3,372 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.5% (low yield). Property prices are near the state median ($940K/$950K). The price-to-income ratio of 14.2x is considered stretched. House prices have moved +5.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.