The suburb’s capital gain of 7.11% for the past year is higher than average compared to its 26.51% growth within a five-year period.
Also in CLOVELLY PARK, the median home price is sitting at $482,000, and the average rent at $372.5, this suggests property owners could potentially earn a 4.02% increase in gross rental yield.
Property investors have seen a 1.05% gain in CLOVELLY PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.48% growth over a ten-year period. It ranks 1357th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.11%||-8.13%|
|Median 3 years||9.27%||27.47%|
|Median 5 years||26.51%||11.01%|
|10 years average annual||5.48%||6.01%|
|Weekly media advert. rent||$372.5||$330|
|Time on Market||52.0 days||51.1 days|
|Gross Rental Yield Percent||4.02%||4.29%|