Suburb Profile Report for Clovelly Park SA (5042)

Clovelly Park House: Median price $480,800, Annual capital growth 4.76%, Number of sales 51, Weekly median advertised rent $375

Clovelly Park Unit: Median price $399,500, Annual capital growth 6.06%, Number of sales 22, Weekly median advertised rent $345

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$480,800 $399,500
2.24% 0.38%
5.90% -7.63%
4.76% 6.06%
$375 $345
51 22
4.06% 4.49%
50.33 51.7

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2972
Median household income ($/weekly) 985
Median age of persons 36
Median housing loan repayment ($/monthly) 1599
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 337 11.3
    25-34 years 499 16.8
    35-44 years 475 16.0
    45-54 years 367 12.3
    55-64 years 277 9.3
    Others 1019 34.3
    Age Group
    Census Count Percent(%)
    Not Married 1091 48.4
    Registered Married 917 40.7
    Defacto Relationship 247 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1972 70.1
    Croatia 87 3.1
    Indonesia 70 2.5
    United Kingdom 149 5.3
    Other 151 5.4
    Others 384 13.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 101 3.8
    Christianity 1541 57.9
    Hinduism 67 2.5
    Islam 93 3.5
    No Religion 819 30.8
    Others 39 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 128 11.7
    $600-$799 119 10.9
    $800-$999 121 11.0
    $1,000-$1,249 114 10.4
    $1,500-$1,999 132 12.0
    Others 482 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 869 37.6
    Employed, worked full-time 785 34.0
    Employed, worked part-time 478 20.7
    Unemployed, looking for work 99 4.3
    Employed, away from work 80 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 278 20.7
    Technicians & trades workers 203 15.1
    Community & personal service workers 151 11.2
    Clerical & administrative workers 253 18.8
    Labourers 141 10.5
    Others 317 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.6
    Infants/Primary 231 32.4
    Secondary 147 20.6
    Technical or Further Educational Institution 72 10.1
    University or other Tertiary Institutions 190 26.7
    Others 25 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2113 75.0
    Semi-detached, row or terrace house, townhouse 454 16.1
    Flat, unit or apartment 248 8.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 404 34.6
    Fully owned 380 32.5
    Being purchased 379 32.4
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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