Investment property in Clovelly has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 27.88%
Taking the average capital gain, or increase in median house value, Clovelly,2031 has racked up an average of 27.88% over the period. This ranks it number 547th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $1175 mark per week – giving a return of 2.20% based on the median price in Suburb
At number 109th in the list of Australian suburbs ordered by increase in median house value over the last year, Clovelly, 2031 is in the top 10% with a property value increase of 20.00% recorded in median house prices.
Clovelly,2031 has offered an average of 20.00% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Clovelly are currently offering property investors an average price cut of -6.22% below the asking price at the moment.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Clovelly is 514th on a list of best yielding suburbs for rents in NSW with a 3.25% return