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Property investors have seen a 9.66% gain in CLOVELLY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CLOVELLY, 2031 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,980,000
Profits averaged -2.35% per annum over a 3-year period, due to an downward trend in home prices in CLOVELLY, 2031.
This means, real estate investors could earn a rental income of $1500 based on current median home prices for the suburb.
The gross rental yield in CLOVELLY, 2031 is 2.62%.
An average of 3.67 real estate transactions take place per month in CLOVELLY which translates to 44 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,980,000 | $1,208,750 |
| GROWTH REPORT | ||
| Median Quarterly | 9.66% | -9.37% |
| Median 12 month | 4.01% | -11.45% |
| Median 3 years | -7.05% | -7.87% |
| Median 5 years | 40.9% | 27.77% |
| 10 years average annual | 6.34% | 5.48% |
| Weekly media advert. rent | $1500 | $735 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.62% | 3.16% |
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