With a capital gain of 5.65% for the last 12 months, Cook, 2614 has performed for property investments than its average annual 5.40% property growth over the last 5 years.
Cook,2614 was ranked 702 in Australia by increase in median property value over the quarter.
Situated 6.24km from the CBD, Cook is one of Unincorporated ACT localities in the postcode 2614.
ACT has seen average median house prices change by 0.21% which means that Cook, 2614 has done well for property investors by showing a capital gain of 18.03% over the last year
Over the longer term, Cook has seen property prices show investors a 13.37% return over the last 3 years. This is an improvement over the last 12 months
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 5.95%, investors should hope to achieve an overall return of 3.96%
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