Neil Casey
Prosperitii Property Investment Advisory - 30+ reviews (Granny Flat and Dual Occ specilaists)
Nowra, NSW+8
Sydney · Eastern Suburbs
A suburb in Sydney's eastern suburbs. Homes are a mix of apartments, terraces and houses.
Last reviewed 25 October 2026
Market snapshot
Estimate, not an official figure · September 2026
Median house
$5.55M - $7.45M
Mid-band $6.5Mspread 29%
Median unit
$1.45M - $1.95M
Mid-band $1.7Mspread 29%
Rental yield
2.4% to 3.4%
Gross yield on house stock. Premium suburbs compress.
Price growth for Clovelly is not shown. Our estimates for May and September 2026 gave five-year figures more than 10 points apart, and no licensed sales data is available to check which is right.
Before you buy
Randwick City Council is preparing a flood study of the Clovelly catchment. A revised draft was on exhibition from 11 October to 5 December 2022. The council's February 2025 update said further work was planned for completion in mid 2025, followed by review and more community consultation, and the study was still being finalised then. Ask the council about flooding for the address.
In June 2024 Randwick Council endorsed a pocket park and pedestrian upgrades on Burnie Street, Clovelly. Construction has not started.
Clovelly Public School's address is on Arden Street, Waverley. Check the school's local intake area for the address if you are counting on a place.
NSW Department of Communities and Justice bond data for the June 2026 quarter puts the median weekly rent for a new tenancy in postcode 2031 at $1,500 for a house, from 49 bonds, and $900 for a unit, from 534 bonds. Postcode 2031 also covers Randwick, so these figures are not Clovelly's alone.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000.
At the 2021 Census, 46.3% of Clovelly homes were flats or apartments, 26.3% were semi-detached, terraces or townhouses and 25.0% were separate houses.
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Why a buyers agent
In Clovelly, apartments, terraces and houses each make up a large share of homes, and the council's flood study was still in draft as at February 2025. A buyers agent who works the eastern suburbs asks the council about flooding for each home on your shortlist, prices it against the sales closest to it, and negotiates or bids at auction for you.
Randwick City Council's Clovelly flood study was still being finalised as at February 2025. An agent asks the council about each address.
At the 2021 Census, Clovelly's homes were split across apartments, terraces and houses. An agent compares them against your budget.
Bond figures for postcode 2031 mix Clovelly with Randwick. An agent prices a home against the sales closest to it instead.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a concessional rate on a home above $800,000 and below $1,000,000. An agent with your conveyancer checks whether the home you choose qualifies before you exchange.
Compare
| Metric | This suburbClovelly | NearbyBronte | NearbyCoogee | NearbyRandwick |
|---|---|---|---|---|
| Median house | $5.55M - $7.45M | $4.45M - $6.05M | Not available | $3.10M - $4.15M |
| Median unit | $1.45M - $1.95M | $1.40M - $1.90M | Not available | $1.10M - $1.50M |
| Rental yield | 2.4% to 3.4% | 1.6% to 2.6% | Not available | 1.8% to 2.8% |
| Postcode | 2031 | 2024 | 2034 | 2031 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Clovelly had 4,887 residents at the 2021 Census, with a median age of 37.
At the 2021 Census, 32.4% of Clovelly homes were owned outright and 28.6% with a mortgage. The median weekly rent at that Census was $700 and the median monthly mortgage repayment was $4,333.
Frequently asked
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Editorial review: 25 October 2026.
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