Clareville is a close-knit residential community in New South Wales within the Northern Beaches local government area (postcode 2107). It is home to about 822 residents, with a more retirement-aged population and a median age of 57. Households earn a median income of $146K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Clareville is $3.0 million, having dropped significantly by 34.5% over the past year. The current median weekly rent is $1350. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $3,467.
Public transport access includes 1 ferry wharf, 9 bus stops. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
From an investment perspective, Clareville shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.4x is considered stretched. House prices have moved -34.5% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.