With a capital gain of 2.27% for the last 12 months, Copacabana, 2251 has performed for property investments than its average annual 5.59% property growth over the last 5 years.
Over the longer term, Copacabana has seen property prices show investors a 17.65% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Copacabana are currently offering property investors an average price cut of -7.89% below the asking price at the moment.
At number 2661 in a list of fastest selling suburbs, Copacabana is in the bottom 30% of suburbs in Australia with an average of days on market 97.0222 for properties listed there.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.59%, investors should hope to achieve an overall return of 3.47%