Property value increases in Clovelly have tracked just lower than the NSW average of 11.67% over the last 12 months.
Clovelly,2031 was ranked 1646 in Australia by increase in median property value over the quarter.
Situated 6.81km from the CBD, Clovelly is one of Randwick localities in the postcode 2031.
Over the last year, property investments in Clovelly, 2031 have given investors a capital gain of 11.80%. This compares favourably with the 8.39% for NSW as a whole.
Clovelly,2031 has offered an average of 11.80% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
Advertised rents are around the $775 mark per week – giving a return of 2.99% based on the median price in Suburb
Clovelly 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%.Full summary
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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.Close