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AREA REPORTS

Copacabana

Copacabana - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2251

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COPACABANA, 2251 ranks 85th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.39% for property investors.

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 $1,182,500.

The upward trend in home prices in COPACABANA, 2251 averaged 6.52% per annum over a 3-year period.

Average weekly rents on listings have reached the $690 mark, reflecting a 3.03% increase in returns based on the current median price in COPACABANA.

An average of 4.83 real estate transactions take place per month in COPACABANA which translates to 58 per annum.

58 properties were sold in COPACABANA in 2016, making it the 291st most active market in NSW based on total real estate transactions.

COPACABANA, 2251 places 12th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,182,500 N/A
GROWTH REPORT
Median Quarterly 35.14% N/A
Median 12 month 31.39% N/A
Median 3 years 19.57% N/A
Median 5 years 64.24% N/A
10 years average annual 8.06% N/A
Weekly media advert. rent $690 N/A
Time on Market 43.1 days N/A
Gross Rental Yield Percent 3.03% N/A
demographics (median values)
Total Population
2672
Weekly Household Income
1164
Household Size
2.80
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