
Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
The suburb’s capital gain of -7.63% for the past year is lower than average compared to its -11.88% growth within a five-year period.
Also in COOGEE, the median home price is sitting at $526,500, and the average rent at $422.5, this suggests property owners could potentially earn a 4.17% increase in gross rental yield.
Property investors have seen a 3.24% gain in COOGEE based on an increase 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 2.4% growth over a ten-year period. It ranks 4416th on our list of suburbs that property investors should look into.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $526,500 | N/A |
GROWTH REPORT | ||
Median Quarterly | 3.24% | N/A |
Median 12 month | -7.63% | N/A |
Median 3 years | 4.46% | N/A |
Median 5 years | -11.88% | N/A |
10 years average annual | 2.4% | N/A |
Weekly media advert. rent | $422.5 | N/A |
Time on Market | 65.5 days | N/A |
Gross Rental Yield Percent | 4.17% | N/A |