Clovelly

Located just 8 kilometres from Sydney’s CBD, Clovelly is a small slice of European summer tucked into the suburban coast. A concrete oasis, this area is defined by its promenade and concrete platform surrounded shoreline, a favourite amongst beach and real estate lovers alike.

We know that similar to the rocky headlands that shroud the suburb, Clovelly’s compound growth is steep—increasing by 9.7% for houses and 8.7% for units over the last five years alone. Primarily an owner’s market, 61% of properties in the area belong to owner occupiers encompassing young families, expats and established professionals alike. Median property prices in Clovelly over the last year have ranged from $3,700,000 for houses to $1,567,500 for units, with average rental yields sitting at 2.0% and 2.2% respectively.

With a lifestyle as idyllic as the views from Bundock park, Clovelly is a beachside haven. A favourite for scuba-divers, the crystal waters are as relaxed as the coastal culture the suburb emulates. Mornings begin with picturesque strolls along the Coastal Walk, and sunny afternoons settle with locals lining in front of Seasalt café with wet hair, thongs and towels over shoulders. A thriving community united by sports teams and a historic surf life saving club —Clovelly is a blue ocean waiting to be explored in more ways than one. If you want to know more about the area and invest, contact a leading Sydney-based buyers agency.