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Clovelly Park, SA 5042

Home » SA Real Estate Data » City of Marion, SA » Clovelly Park, SA 5042

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Clovelly Park, SA 5042 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Clovelly Park, SA 5042”

  1. The total adult population (15 years or older) of Clovelly Park 5042 SA is 2,589, with a median age of 35. Of those, 44.30% are married, 12.13% are divorced or separated, 39.86% are single and 3.82% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,808. The median monthly mortgage repayment for households in this suburb is $1,616 which is 20.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of South Australia, Clovelly Park 5042 houses an estimated 1,458 households. As we delve into the Q3 2023 statistics for the area, we find typical house prices sit at a comfortable $738,087. Accompanied by a median weekly rent of $531, this alignment provides an indicative yield of 3.74%, surpassing the minimum market requirement of 3% for property investors who centre their strategy around cash flow.

    Clovelly Park’s socio-economic status, reflected by an IRSAD score of 987 out of 1217, leans towards the higher end, suggesting a population of moderate income levels and access to economic resources. Diving deeper into the property landscape, it’s observed that the renter to owner ratio sits at 34%. Although slightly above the preferential threshold of 30%, it remains below the critical level of 45%, suggestive of a healthy rental market that does not dampen the overall appeal of the neighbourhood.

    Further, a glance at the ratio between units to houses at 9% reveals a predominantly house-based market, avoiding the potential risks and competition commonly associated with unit-heavy markets. However, an Affordability Index indicating 39 years to full property ownership suggests a slightly less affordable market, a potential element of consideration for prospective buyers and renters.

    The supply metrics present a favourable scenario for investors, with the stock on market Percentage sitting low at 0.16%, signifying limited unsold stock. Further substantiating the favourable supply conditions, an inventory level of 0.63 months shows a robust absorption rate of new listings. Additionally, a building approvals Ratio for houses at 1.01% alludes to steady, sustainable growth rather than an oversupply.

    On the demand side, enticingly short days on market (DoM) averaging just 11 days for houses along with a tight vacancy rate of 1.0% (combined houses and units) projects a high-demand scenario. However, the buy search index for houses is pegged at 3, indicating relatively limited demand, suggesting a potentially slower-paced property turnover.

    While certain metrics like the affordability index might lean slightly towards unfavourable territory, it’s crucial to note that the bulk of indicators point to a robust market overall within Clovelly Park 5042. Furthermore, this suburb’s attractive yield and favourable supply and demand dynamics make it an area worthy of consideration for savvy investors and buyers. As always, monitoring the property market’s ongoing trends and developments is key to informed property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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