Over the last year, property investments in Clovelly, 2031 have given investors a capital gain of 2.76%. This compares favourably with the 0.15% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clovelly has increased when compared to the 5 year average annual rate.
Renters in Suburb are facing rents around $79300 per annum or $1525 every week.
Clovelly, 2031 ranked 433th in NSW when comparing growth in median property values or capital gain over the last 12 months. Clovelly is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Clovelly has given property investors a paper return of -6.24%. This puts Suburb as 519 on a list of fastest fasting appreciating suburbs in NSW
Advertised rents are around the $730 mark per week – giving a return of 3.04% based on the median price in Suburb
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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.