With a capital gain of 5.90% for the last 12 months, Clovelly Park, 5042 has performed for property investments than its average annual 4.76% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clovelly Park has increased when compared to the 5 year average annual rate.
Property buyers and investors in Clovelly Park 5042 should be seeing an average reduction in asking price of around -3.86% . This means that Clovelly Park is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Clovelly Park the average time real estate has been on the market is 50.33 days.
The SA suburb of Clovelly Park, 5042 is in the Marion local government area.
Property investors who have had real estate in Clovelly Park, 5042 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.63%
The five-year average increase in median property values for Clovelly Park,5042 has given property investors a potential capital gain of 10.06% across each of those five years.
Sellers are offering property buyers an average discount of -4.99% to buyers in Clovelly Park at the moment, which is less than average for the rest of SA.
Clovelly Park is 115th on a list of best yielding suburbs for rents in SA with a 4.49% return