Cook has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -4.97% to date .
Over the longer term, Cook has seen property prices show investors a 15.38% return over the last 3 years. This is worse than over the last 12 months
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 5.91%.
If you compare the increase in value of investment property in Cook, 2614 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.34%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cook has increased when compared to the 5 year average annual rate.
Advertised rents are around the $395 mark per week – giving a return of 4.07% based on the median price in Suburb
Located only 6km from the Canberra CBD, Cook’s proximity to the city has resulted in the suburb’s median house price rising to as high as it has ever been.Full summary
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Located only 6km from the Canberra CBD, Cook’s proximity to the city has resulted in the suburb’s median house price rising to as high as it has ever been.Close
Cook has seen 14.1% growth in its house market, and the vacancy rate hovers at a reasonable 1.2%. Investors will also be attracted to the high rental yield for units, which was 4.7% in the previous quarter.
Despite being close to what Canberra has to offer, the suburb itself is not short of amenities.
The local shopping centre has a supermarket, a cafe and restaurants.
There’s also a preschool and a school park.
Commuters can take a bus to Canberra from the stop at the Templeton St Cook Shops, so, unsurprisingly, the suburb is favoured by young adults working in the city