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Copacabana
AREA REPORTS

Copacabana

Copacabana - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2251

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,437,500.

The upward trend in home prices in COPACABANA, 2251 averaged 17.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.35% increase in returns based on the current median price in COPACABANA.

An average of 6 real estate transactions take place per month in COPACABANA which translates to 72 per annum.

72 properties were sold in COPACABANA in 2016, making it the 164th most active market in NSW based on total real estate transactions.

COPACABANA, 2251 places 371st in Australia based on median property value growth during the quarter.

Data report can be found below

Copacabana
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,437,500 N/A
GROWTH REPORT
Median Quarterly 5.7% N/A
Median 12 month N/A N/A
Median 3 years 51.32% N/A
Median 5 years 101.05% N/A
10 years average annual 10.15% N/A
Weekly media advert. rent $650 N/A
Time on Market 41.5 days N/A
Gross Rental Yield Percent 2.35% N/A
demographics (median values)*
Total Population
32702
Weekly Household Income
1397
Household Size
2.60
Age
44
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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