Can co-living solve housing affordability?
Key global cities, including New York, London, Tokyo and Singapore, are attempting to solve housing affordability through co-living arrangem...
The suburb’s capital gain of -9.38% for the past year is lower than average compared to its -14.71% growth within a five-year period.
Also in COOGEE, the median home price is sitting at $725,000, and the average rent at $490, this suggests property owners could potentially earn a 3.51% increase in gross rental yield.
Property investors have seen a 0.42% 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 -0.13% decrease over a ten-year period. It ranks 4156th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.42% | N/A |
| Median 12 month | -9.38% | N/A |
| Median 3 years | -7.35% | N/A |
| Median 5 years | -14.71% | N/A |
| 10 years average annual | -0.13% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 97.3 days | N/A |
| Gross Rental Yield Percent | 3.51% | N/A |
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