Clovelly Park has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.34% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clovelly Park has increased when compared to the 5 year average annual rate.
The most recent median price for Clovelly Park is $482000, with sellers offering an average of -9.54% off the asking price.
Often selling an investment property can take time, and in Clovelly Park the average time real estate has been on the market is 60.4 days.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.53%, without taking into account capital value appreciation, which has been averaging out at 2.83%.