Rent in Clovelly, Clovelly West and Randwick (2031)
The median new lease in 2031 was $900 a week in January–September 2026, from 1,933 leases lodged with NSW Fair Trading. That is 12% above the Sydney median of $800, making it the 58th most expensive of 218 Sydney postcodes.
Rent by type of home
Houses lease for a median $1,388 a week here and units for $900. Only home types with at least 10 new leases in January–September 2026 are shown.
| Home | Median rent ($/wk) | New leases |
|---|---|---|
| Studio unit | $650 | 21 |
| 1-bedroom unit | $775 | 493 |
| 2-bedroom unit | $950 | 1035 |
| 3-bedroom unit | $1,350 | 143 |
| 1-bedroom house | $700 | 36 |
| 2-bedroom house | $900 | 45 |
| 3-bedroom house | $1,650 | 53 |
| 4-bedroom house | $2,050 | 49 |
| 3-bedroom townhouse | $1,470 | 25 |
How rent has changed since 2021
Rent on a new lease here rose 52% in five years, from $590 a week in January–September 2021 to $900 in January–September 2026, slower than the Sydney-wide rise of 60%. Over the past year it rose 5%, against a 7% rise across Sydney.
How much of a local wage the rent takes
A year of rent at the median takes 41% of one average local wage of $114,320, compared with 46% across Sydney. That is the 159th heaviest burden of 218 Sydney postcodes, below the city average. Housing costs above 30% of income are widely treated as housing stress; a household with two average wages would spend about 20%.
Wage: average salary and wages of all residents of 2031 in ATO Taxation Statistics 2023–24, indexed to 2026 with the NSW Wage Price Index. Renters usually earn less than the average resident, so the real burden for renters is likely higher.
Getting your bond back
Of the 1,959 bonds refunded in 2031 in January–September 2026, 74% went back to the tenant in full and 5% went entirely to the landlord or agent. Across Sydney the figures are 63% and 12%, so tenants here are more likely than average to get their whole bond back (rank 39 of 214, where 1 is the highest full-refund rate).
The median bond was held for 604 days, about 20 months, compared with 575 days across Sydney. Bond records don't say why money went to the landlord: it can cover damage, cleaning or unpaid rent.
Compared with the region and Sydney
2031 is in the Eastern Suburbs region, where the median new lease is $980 a week.
| Median rent | 5-yr change | Rent burden | Full bond back | |
|---|---|---|---|---|
| 2031 | $900 | +52% | 41% | 74% |
| Eastern Suburbs | $980 | +58% | 44% | 69% |
| Greater Sydney | $800 | +60% | 46% | 63% |
Other postcodes in Eastern Suburbs
- 2021 Centennial Park and Moore Park$900
- 2022 Bondi Junction and Queens Park$1,030
- 2023 Bellevue Hill$1,000
- 2024 Bronte and Charing Cross$1,020
- 2025 Woollahra$1,050
- 2026 Ben Buckler and Bondi$1,052
- 2027 Darling Point and Edgecliff$1,125
- 2028 Double Bay$1,100
- 2029 Rose Bay$1,000
- 2030 Diamond Bay and Dover Heights$1,150
- 2032 Daceyville and Kingsford$820
- 2033 Kensington$870
- 2034 Coogee and South Coogee$1,000
- 2035 Maroubra and Maroubra South$900
- 2036 Chifley and Eastgardens$1,150
Source: NSW Fair Trading rental bond data (new leases and bond refunds, 2021–2026); ATO Taxation Statistics 2023–24. See the methodology for how these figures are calculated.