All About Clovelly Park, Marion, SA, 5042

Clovelly Park, located in the Marion area of South Australia, has experienced a dynamic housing market in recent years, reflective of broader trends seen across Adelaide and the state. The suburb is characterized by a mix of older, established homes and new developments, offering a range of options for buyers and investors alike. As of the latest data, property prices in Clovelly Park have shown moderate growth, attributed in part to its strategic location with convenient access to the city center and key amenities. The suburb’s affordability relative to inner-city areas has attracted first-time buyers and young families, resulting in a competitive market atmosphere. The rental market too has remained steady, providing opportunities for investors seeking consistent rental yields.

Living in Clovelly Park offers residents a balance of suburban tranquility and urban accessibility. The area features a variety of amenities, including parks, schools, and shopping facilities, making it a conducive environment for families. Public transportation is well-developed, with the Clovelly Park railway station and numerous bus routes facilitating easy commutes. The community is diverse and vibrant, fostering a welcoming atmosphere for new residents. The suburb's proximity to Flinders University and Flinders Medical Centre adds to its appeal, particularly for students and healthcare professionals. Overall, Clovelly Park is often appreciated for its blend of convenience, community spirit, and quality of life, making it a sought-after location for those looking to settle in the Marion area.

Clovelly Park Real Estate Market Outlook

Thinking about buying in Clovelly Park? Now could not be a better time, with 1868 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $697,000 with prices in this suburb ranging from $280,000 to $2,395,000. Clovelly Park is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Clovelly Park due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Clovelly Park 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 Park 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

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Public Transport

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General Points of Interest

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