COOGEE, 2034 ranks 508th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.43% 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 $3,137,500.
The upward trend in home prices in COOGEE, 2034 averaged 21.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $1275 mark, reflecting a 2.11% increase in returns based on the current median price in COOGEE.
An average of 4.25 real estate transactions take place per month in COOGEE which translates to 51 per annum.
51 properties were sold in COOGEE in 2016, making it the 362nd most active market in NSW based on total real estate transactions.
COOGEE, 2034 places 95th in Australia based on median property value growth during the quarter.
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 $1,197,500.
Average median unit prices in NSW have risen as a whole, pulling COOGEE, 2034 values up and netting property investors a capital gain of 14.59% for the past year.
Investors saw the median home price rise to $1,197,500.
The upward trend in home prices in COOGEE, 2034 averaged 15.64% per annum over a 3-year period.
COOGEE now ranks at the 89th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COOGEE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $697.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In COOGEE, homes and units usually stay on listing for an average of 33.7 days.
240 properties were sold in COOGEE in 2016, making it the 303rd most active market in NSW based on total real estate transactions.
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