Thinking about buying in Hope Vale? Now could not be a better time, with 686 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $388,000 with prices in this suburb ranging from $377,000 to $404,000. Hope Vale is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
| Median Weekly Rent | $120.00 |
| Median Monthly Mortgage | $975.00 |
| Median Persons Per Bedroom | 1.00 |
| Average Household Size | 3.00 |
| Average Age | 28.00 |
| Average Income | $378.00 |
| Average Cars Per Dwelling | 1.18 |
| Average Properties Within 50M | 10 |
| 1 Bed $390,000 |
In Hope Vale there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Hope Vale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Hope Vale changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Hope Vale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Hope Vale we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Hope Vale a better buying opportunity than it may have been in the past.
Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 9.3 | 24.8 | 32.1 | 63.5 | 90.1 | 4.8 | 21.9 |
| Feb | 8.4 | 24.8 | 32.4 | 61.9 | 91.2 | 4.3 | 22.0 |
| Mar | 10.7 | 24.6 | 31.2 | 63.9 | 91.8 | 5.3 | 19.9 |
| Apr | 6.0 | 24.5 | 30.1 | 62.3 | 87.6 | 7 | 20.3 |
| May | 1.7 | 23.3 | 28.4 | 64.6 | 85.8 | 8.0 | 18.9 |
| Jun | 1.5 | 22.2 | 27.2 | 66.9 | 88.6 | 7.4 | 17.0 |
| Jul | 0.9 | 21.5 | 26.6 | 64.3 | 86.6 | 7.7 | 18.1 |
| Aug | 0.4 | 21.8 | 27.5 | 59.3 | 83.4 | 7.3 | 20.3 |
| Sept | 0.2 | 22.3 | 28.9 | 56.5 | 82.4 | 7.1 | 23.2 |
| Oct | 0.7 | 23.0 | 30.2 | 56.4 | 83.0 | 6.5 | 25.2 |
| Nov | 0.7 | 24.4 | 31.8 | 55.7 | 83.7 | 5.8 | 26.3 |
| Dec | 0.9 | 24.9 | 32.8 | 54.5 | 83.5 | 5.1 | 27.5 |
source: Australian Government Bureau of Meteorology
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