PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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The suburb’s capital gain of -7.19% for the past year is lower than average compared to its -17.56% growth within a five-year period.
Also in COOGEE, the median home price is sitting at $700,700, and the average rent at $510, this suggests property owners could potentially earn a 3.78% increase in gross rental yield.
Property investors have seen a -2.55% drop in COOGEE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a -0.65% decrease over a ten-year period. It ranks 4110th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,700 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.55% | N/A |
| Median 12 month | -7.19% | N/A |
| Median 3 years | -10.45% | N/A |
| Median 5 years | -17.56% | N/A |
| 10 years average annual | -0.65% | N/A |
| Weekly media advert. rent | $510 | N/A |
| Time on Market | 114.9 days | N/A |
| Gross Rental Yield Percent | 3.78% | N/A |
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