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Clovelly Suburb Insights
VICLocation Information
Suburb Name
Clovelly, VIC
Distance from CBD
15.3 kmDemographics
Population
4,736
Median Income
$67,236
Area Information
Area
0.79 km²
Population Density
5995 people/km²
Property Market
Median Price
$616,445
Annual Growth
+17.2%Property Price Trend Analysis
Current Median Price
$616,445
Annual Growth
+17.2%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$648,831
+8.2%2024-02
$419,489
+6.9%2024-03
$793,313
+7.4%2024-04
$559,573
+6.8%2024-05
$1,139,511
+18.4%2024-06
$706,702
+19.5%Property Type Price Analysis
House
Median Price
$1,495,637
Growth Rate
+5.3%Available Listings
370 properties
Apartment
Median Price
$393,626
Growth Rate
+11.6%Available Listings
278 properties
Townhouse
Median Price
$986,318
Growth Rate
+16.1%Available Listings
99 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy