Property value increases in Clovelly Park have tracked just lower than the SA average of 3.35% over the last 12 months.
While Clovelly Park,5042 ranked number 372th in SA for increase in median house value (annualised) increase, it is ranked 235th over the last 5 years.
Clovelly Park5042 is located in SA which offers an average discount of -6.51% to property investors. Clovelly Park itself is showing figures that indicate -5.98% is the average achievable by property buyers investing in the suburb.
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 pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.26%
Over the longer term, Clovelly Park has seen property prices show investors a 24.29% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Clovelly Park is offering property investors an average of -6.06. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in SA
Residents and property investors in Clovelly Park have been waiting around 68.52 days to sell a property.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.94%, without taking into account capital value appreciation, which has been averaging out at 7.25%.