NSW has seen average median house prices change by 6.38% which means that Clovelly, 2031 has done well for property investors by showing a capital gain of 31.13% over the last year
While Clovelly,2031 ranked number 121th in NSW for increase in median house value (annualised) increase, it is ranked 516th over the last 5 years.
Often selling an investment property can take time, and in Clovelly the average time real estate has been on the market is 37.23 days.
Situated 6.86km from the CBD, Clovelly is one of Randwick localities in the postcode 2031.
Property investors who have had real estate in Clovelly, 2031 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.08%
When looking at the potential capital gains offered to property investors over the last 3 years, Clovelly comes in at number 123th in NSW.
Clovelly, 2031 is offering NSW ‘s 53th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Using the current median advertised rental of $770 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.30%