Hope Valley is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5090). With a population of 8,184, the suburb has a mature demographic with a median age of 46. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Hope Valley is $893,000, having increased 5% over the past year. Units have a median price of $549,000 (+12.6% YoY). The current median weekly rent is $534. This gives a gross rental yield of approximately 3.1%. 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.
From an investment perspective, Hope Valley offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($893K/$950K). The price-to-income ratio of 13.5x is considered stretched. House prices have moved +5.0% year-on-year.
Hope Valley is a mid-sized suburb in South Australia within the Tea Tree Gully local government area (postcode 5090). With a population of 8,184, the suburb has a mature demographic with a median age of 46. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Hope Valley is $893,000, having increased 5% over the past year. Units have a median price of $549,000 (+12.6% YoY). The current median weekly rent is $534. This gives a gross rental yield of approximately 3.1%. 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.
From an investment perspective, Hope Valley offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($893K/$950K). The price-to-income ratio of 13.5x is considered stretched. House prices have moved +5.0% year-on-year.