ACT has seen average median house prices change by 8.07% which means that Cook, 2614 has done well for property investors by showing a capital gain of 9.51% over the last year
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Property investors should expect to get $502.5 weekly from the median priced house in this suburb.
Property value increases in Cook have tracked just higher than the ACT average of 2.59% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Cook comes in at number 9th in ACT.
In the last year 22 properties changed hands in Cook, which puts it as the 48th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Cook being $550500 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.97%
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