Giving property investors a a poor capital gain of -15.85% for the last year, Clovelly, 2031 is the 3804th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Clovelly has given property investors a paper return of -0.36%. This puts Suburb as 594 on a list of fastest fasting appreciating suburbs in NSW
Clovelly, 2031’s gross rental yield is 2.85%
Clovelly is in the bottom 20% in NSW when comparing median price capital growth over the last year. Clovelly gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.56%.
Across a shorter period, Clovelly, 2031 has seen a median price increase of 5.88% over the last quarter.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 8.73%.
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Suburbs by the sea often have a good reputation among buyers, and Clovelly is no exception. This suburb has seen massive growth in the 12 months leading up to April 2017, with price increases for units breaking through the 20% mark, and for houses, hitting 16%.
House prices are inching closer to the $3m mark, and the median unit price has shot past $1.2m, making Clovelly a rather expensive area. Its excellent location certainly justifies its high cost. Aside from being near Clovelly Beach, Clovelly is just 8km from the Sydney CBD. The suburb is populated with shopping hubs, and the beach is very popular in the summer. Buses also run from Clovelly to the CBD.