COOGEE, 2034 ranks 963rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.6% 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 $2,865,000.
The upward trend in home prices in COOGEE, 2034 averaged 16.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $1250 mark, reflecting a 2.27% increase in returns based on the current median price in COOGEE.
An average of 3.92 real estate transactions take place per month in COOGEE which translates to 47 per annum.
47 properties were sold in COOGEE in 2016, making it the 406th most active market in NSW based on total real estate transactions.
COOGEE, 2034 places 113th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.6%||15.15%|
|Median 3 years||50.39%||42.5%|
|Median 5 years||79.06%||78.13%|
|10 years average annual||8.87%||7.87%|
|Weekly media advert. rent||$1250||$700|
|Time on Market||0.0 days||34.7 days|
|Gross Rental Yield Percent||2.27%||3.19%|