The suburb’s capital gain of 8% for the past year is higher than average compared to its 13.29% growth within a five-year period.
Also in COOGEE, the median home price is sitting at $810,000, and the average rent at $490, this suggests property owners could potentially earn a 3.15% increase in gross rental yield.
Property investors have seen a 0.62% 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 -0.45% decrease over a ten-year period. It ranks 4114th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8%||N/A|
|Median 3 years||-3.86%||N/A|
|Median 5 years||13.29%||N/A|
|10 years average annual||-0.45%||N/A|
|Weekly media advert. rent||$490||N/A|
|Time on Market||114.0 days||N/A|
|Gross Rental Yield Percent||3.15%||N/A|