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Clovelly

POSTAL CODE: NSW, 2031
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Property investors have seen a -1.46% drop in CLOVELLY based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on CLOVELLY, 2031 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.99%.

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 $5,405,000

Profits averaged 11.67% per annum over a 3-year period, due to an upward trend in home prices in CLOVELLY, 2031.

This means, real estate investors could earn a rental income of $2300 based on current median home prices for the suburb.

The gross rental yield in CLOVELLY, 2031 is 2.21%.

An average of 4.17 real estate transactions take place per month in CLOVELLY which translates to 50 per annum.

Surburb overview

Clovelly is a charming coastal suburb located approximately 8 kilometres southeast of the Sydney Central Business District. It is part of the Randwick City Council Local Government Area, between Bronte and Coogee.

According to the latest Census data, Clovelly has a population of around 4,805 people. The median age of residents is 40, reflecting a balanced demographic mix of families, professionals, and older couples. The housing landscape in Clovelly features a blend of renovated Federation-style homes, contemporary residences, and apartment buildings, many of which offer views of the ocean or the surrounding green spaces.

Public transport options in Clovelly include bus services that connect the suburb to Bondi Junction, the Sydney CBD, and nearby areas such as Coogee and Randwick. The suburb is also accessible by car via Clovelly Road, which links to other major roads in the Eastern Suburbs. Clovelly’s compact layout and local amenities make it a walkable suburb, encouraging residents to travel by foot or bicycle.

The suburb’s main attraction is Clovelly Beach, a small, sheltered bay known for its calm waters, making it ideal for swimming and snorkelling. The beach is bordered by concrete promenades and platforms that provide easy access to the water, and the nearby Clovelly Surf Life Saving Club plays a vital role in maintaining the safety of beachgoers. Clovelly’s unique beach environment attracts families and water enthusiasts looking to explore the underwater world of the bay, which is teeming with marine life.

In addition to the beach, Clovelly is surrounded by beautiful parks and reserves, including Burrows Park and Bundock Park. The coastal walk from Clovelly to nearby beaches such as Bronte and Coogee offers stunning ocean views and access to natural rock pools, picnic areas, and playgrounds, providing plenty of outdoor activities and relaxation opportunities.

Clovelly’s local amenities include a small shopping strip along Clovelly Road featuring cafes, restaurants, and specialty stores that cater to residents' needs. For more extensive shopping and dining options, nearby suburbs like Coogee and Bondi Junction offer a more comprehensive range of retail outlets, supermarkets, and entertainment venues.

Educational facilities in the area include Clovelly Public School, which serves local families, and several private schools in nearby suburbs, making Clovelly a convenient choice for families with school-aged children.

With its tranquil beach, scenic coastal walks, and friendly community, Clovelly offers a unique blend of seaside living and suburban comfort, making it one of Sydney’s most desirable beachside suburbs. Its natural beauty and relaxed atmosphere continue to attract those seeking a peaceful coastal lifestyle near the city’s amenities.

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