Clovelly is a smaller suburb in New South Wales within the Randwick local government area (postcode 2031). With a population of 4,887, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $181K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clovelly is $10 million, having surged 88.2% over the past year. Units have a median price of $1.1 million (-42.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $4,333.
Clovelly is served by 1 school, including 1 primary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Clovelly offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($10.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 55.4x is considered stretched. House prices have moved +88.2% year-on-year.
Clovelly is a smaller suburb in New South Wales within the Randwick local government area (postcode 2031). With a population of 4,887, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $181K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clovelly is $10 million, having surged 88.2% over the past year. Units have a median price of $1.1 million (-42.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $4,333.
Clovelly is served by 1 school, including 1 primary. The average ICSEA score is 1148, which is well above the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Randwick LGA is below average at 2,578 incidents per 100,000 population.
From an investment perspective, Clovelly offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($10.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 55.4x is considered stretched. House prices have moved +88.2% year-on-year.