Clovelly snapshot
- Median price: $3,824,667
- Median weekly rent: $1,261/wk
- Population: 19,521
- Days on market: 65 days
How Clovelly stacks up
- Rental Yield: Low
- Capital Growth: Moderate
- Vacancy: Average
About Clovelly
Clovelly, located in New South Wales, is a suburb that presents a unique opportunity for property investors. With a median property price of over $3.8 million, it is clear that this area is highly sought after, making it an attractive option for those looking to invest in premium real estate. The population of approximately 19,521 indicates a vibrant community, which can be a positive factor for long-term investment stability.
The suburb has shown moderate capital growth, suggesting that property values are steadily increasing, albeit at a measured pace. While the rental yield is currently low, the median weekly rent of $1,261 reflects the desirability of the area, and the average rental vacancy band indicates a stable rental market. Investors may find Clovelly appealing due to its combination of community appeal and potential for future growth.
Frequently asked questions
What is the median property price in Clovelly?
The median property price in Clovelly is $3,824,667.
How much can I expect to rent a property for in Clovelly?
The median weekly rent in Clovelly is $1,261.
What is the population of Clovelly?
Clovelly has a population of approximately 19,521.
How long do properties typically stay on the market in Clovelly?
Properties in Clovelly typically stay on the market for about 65 days.
What is the capital growth outlook for Clovelly?
The capital growth in Clovelly is considered to be moderate.