The suburb’s capital gain of 4.59% for the past year is lower than average compared to its 26.89% growth within a five-year period.
Also in CLOVELLY PARK, the median home price is sitting at $479,000, and the average rent at $380, this suggests property owners could potentially earn a 4.13% increase in gross rental yield.
Property investors have seen a -0.62% drop in CLOVELLY PARK based on a decrease 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 4.17% growth over a ten-year period. It ranks 1923rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.59%||-6.98%|
|Median 3 years||9.86%||12.68%|
|Median 5 years||26.89%||17.65%|
|10 years average annual||4.17%||3.51%|
|Weekly media advert. rent||$380||$330|
|Time on Market||48.6 days||52.8 days|
|Gross Rental Yield Percent||4.13%||4.29%|