Suburb Profile Report for Clovelly NSW (2031)

Clovelly House: Median price $2,735,000, Annual capital growth 6.75%, Number of sales 43, Weekly median advertised rent $1,500

Clovelly Unit: Median price $1,350,000, Annual capital growth 8.73%, Number of sales 25, Weekly median advertised rent $750

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%.

Information supplied by:


July 2017

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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.

Metrics i HOUSE UNIT
$2,735,000 $1,350,000
-0.36% 5.88%
-15.85% -14.56%
6.75% 8.73%
$1,500 $750
43 25
2.85% 2.89%
57.4615384615385 82.5454545454546

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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