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 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|