All About Clovelly, Randwick , NSW 2031

Clovelly Real Estate Market Outlook

Thinking about buying in Clovelly? Now could not be a better time, with 2778 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,504,000 with prices in this suburb ranging from $185,000 to $26,403,000. Clovelly is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Consistent high demand relative to supply is a key feature in Clovelly driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Clovelly ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Clovelly classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Clovelly requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Clovelly, located in the Randwick area of New South Wales, boasts a lively housing market characterized by its high desirability and premium prices. Known for its charming coastal vibe and picturesque surroundings, Clovelly has become a sought-after destination, attracting both families and professionals seeking a blend of urban convenience and serene beachside living. The area features a mix of property types, from modern apartments to classic family homes, many offering stunning views of the ocean. The demand for properties in Clovelly often exceeds supply, driving competitive pricing in the market. Buyers are typically drawn to the suburb for its unique location, with the tranquil Clovelly Beach and its iconic swimming spots perfectly complementing the vibrant café and dining culture that the area offers.

Living in Clovelly provides residents with an enviable lifestyle that combines the best of both beach living and city access. The suburb maintains a friendly, community-oriented atmosphere, with well-maintained parks and walking trails enhancing the outdoor experience. Clovelly’s local amenities include a variety of boutique shops, dining options, and excellent schools, making it an ideal location for families. The area is well-serviced by public transport, providing easy connectivity to the Sydney CBD for those who commute. Weekends in Clovelly are often spent enjoying leisure activities such as snorkeling at the beach or indulging in brunch at one of the local cafes, reflecting the relaxed yet active lifestyle that defines this charming coastal suburb.

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