Suburb Profile Report for Clovelly NSW (2031)

Clovelly House: Median price $3,250,000, Annual capital growth 7.55%, Number of sales 62, Weekly median advertised rent $1,675

Clovelly Unit: Median price $1,350,000, Annual capital growth 8.54%, Number of sales 55, Weekly median advertised rent $775

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

Information supplied by:


July 2017

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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

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
Metrics i HOUSE UNIT
$3,250,000 $1,350,000
2.20% -1.46%
6.47% 11.80%
7.55% 8.54%
$1,675 $775
62 55
2.68% 2.99%
33.71 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Clovelly NSW
Demographics
Total population 4580
Median household income ($/weekly) 2529
Median age of persons 37
Median housing loan repayment ($/monthly) 3067
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 574 12.5
    25-34 years 754 16.5
    35-44 years 918 20.0
    45-54 years 650 14.2
    55-64 years 475 10.4
    Others 1209 26.4
    Age Group
    Census Count Percent(%)
    Registered Married 1512 46.3
    Not Married 1231 37.7
    Defacto Relationship 520 15.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3086 71.9
    Papua New Guinea 104 2.4
    South Africa 78 1.8
    United Kingdom 434 10.1
    Other 207 4.8
    Others 385 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 2.4
    Christianity 2442 60.0
    Islam 22 0.5
    Judaism 190 4.7
    No Religion 1292 31.8
    Others 26 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 141 9.1
    $2,000-$2,499 117 7.5
    $2,500-$2,999 283 18.2
    $3,000-$3,499 140 9.0
    $4,000 or more 253 16.2
    Others 623 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1694 50.0
    Not in the labour force 824 24.3
    Employed, worked part-time 656 19.4
    Employed, away from work 152 4.5
    Unemployed, looking for work 63 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 486 19.5
    Professionals 1060 42.5
    Technicians & trades workers 173 6.9
    Community & personal service workers 206 8.3
    Clerical & administrative workers 300 12.0
    Others 271 10.9
    Occupation
    Census Count Percent(%)
    Pre-school 120 11.0
    Infants/Primary 384 35.3
    Secondary 252 23.2
    Technical or Further Educational Institution 65 6.0
    University or other Tertiary Institutions 235 21.6
    Others 32 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1547 36.5
    Flat, unit or apartment 1432 33.7
    Semi-detached, row or terrace house, townhouse 1265 29.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 658 38.9
    Fully owned 526 31.1
    Being purchased 503 29.7
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals