Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
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 $930,000.
The upward trend in home prices in COPACABANA, 2251 averaged 13.64% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.08% increase in returns based on the current median price in COPACABANA.
An average of 5.58 real estate transactions take place per month in COPACABANA which translates to 67 per annum.
67 properties were sold in COPACABANA in 2016, making it the 205th most active market in NSW based on total real estate transactions.
COPACABANA, 2251 places 568th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $930,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.54% | N/A |
| Median 12 month | 4.2% | N/A |
| Median 3 years | 40.91% | N/A |
| Median 5 years | 57.63% | N/A |
| 10 years average annual | 4.69% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 61.2 days | N/A |
| Gross Rental Yield Percent | 3.08% | N/A |
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
The Queensland government is considering making it easier for tenants to own pets in a rental property, but some think the changes could be ...
New legislation has passed in NSW parliament that allows for residential agreements to be signed and witnessed electronically, but thereâ...
More than 75 per cent of properties that sold over the three months to October were less than their original purchase price, new data reveal...
While the Australian property market remains far from a cataclysmic fall, economist Dr Andrew Wilson believes that fundamental changes will ...
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...