Cloverdale

POSTAL CODE: WA, 6105
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Property investments in CLOVERDALE fare well against the rest of the country last year, registering a median home price increase of 14.29%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CLOVERDALE, 6105 saw average growth in the long term.

Real estate investors could earn a rental income of $695 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 25 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $800,000.

CLOVERDALE ranks 175th on the list of best yielding suburbs for rental properties in WA, posting a 4.52% return.

Surburb overview

Cloverdale is a suburb of Perth, Western Australia, located approximately 10 kilometres east of the central business district within the City of Belmont. Established in 1954, it is primarily residential and features a mix of housing options and community amenities. 

As of the 2021 Census, Cloverdale had a population of 8,864, with a median age of 34. The community comprises a diverse mix of families, professionals, and retirees. 

Cloverdale is well-served by public transportation, with several Transperth bus routes providing access to Perth's CBD and surrounding areas. Key services include routes 38, 39, 284, 293, 998, and 999, serving various streets within the suburb. 

The suburb offers various amenities, including parks and recreational facilities. Faulkner Park, located on Progress Way, is a notable green space that provides residents with outdoor activities. 

As of December 2024, the median house price in Cloverdale is approximately $550,000, with a median weekly rent of $450. The suburb has experienced growth in property values, reflecting its desirability among buyers and investors. 

Cloverdale offers a balanced lifestyle with access to urban conveniences and community facilities. Its proximity to the Perth CBD and primary transport links makes it an attractive location for diverse residents.

Cloverdale provides a dynamic living environment with essential amenities, recreational opportunities, and convenient access to Perth's CBD, appealing to families, professionals, and retirees alike. 

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