Hove is a smaller suburb in South Australia within the Holdfast Bay local government area (postcode 5048). With a population of 3,189, the suburb has a mature demographic with a median age of 51. Households earn a median income of $77K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Hove is $1.9 million, having surged 19.8% over the past year. The current median weekly rent is $638. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,991.
Hove is served by 1 school, including 1 primary. The average ICSEA score is 1099, which is above the national average of 1,000. Public transport access includes 1 rail station, 14 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Holdfast Bay LGA is below average at 3,606 incidents per 100,000 population.
From an investment perspective, Hove offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.9M/$950K), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +19.8% year-on-year.
Hove is a smaller suburb in South Australia within the Holdfast Bay local government area (postcode 5048). With a population of 3,189, the suburb has a mature demographic with a median age of 51. Households earn a median income of $77K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Hove is $1.9 million, having surged 19.8% over the past year. The current median weekly rent is $638. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,991.
Hove is served by 1 school, including 1 primary. The average ICSEA score is 1099, which is above the national average of 1,000. Public transport access includes 1 rail station, 14 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Holdfast Bay LGA is below average at 3,606 incidents per 100,000 population.
From an investment perspective, Hove offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.9M/$950K), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +19.8% year-on-year.