Cook, 2614 ranked 82th in ACT when comparing growth in median property values or capital gain over the last 12 months. Cook is one of 126 in our list for ACT
Over the longer term, Cook has seen property prices show investors a 18.01% return over the last 3 years. This is worse than over the last 12 months
In the last year 25 properties changed hands in Cook, which puts it as the 73th most active market in ACT when comparing the number of sales per suburb.
Situated 6.20km from the CBD, Cook is one of Unincorporated ACT localities in the postcode 2614.
Over the last year, property investments in Cook, 2614 have given investors a capital gain of 6.35%. This compares favourably with the -1.01% for ACT as a whole.
The five-year average increase in median property values for Cook,2614 has given property investors a potential capital gain of 16.45% across each of those five years.
Sellers are offering property buyers an average discount of -4.64% to buyers in Cook at the moment, which is less than average for the rest of ACT.
At number 1037 in a list of fastest selling suburbs, Cook is in the bottom 30% of suburbs in Australia with an average of days on market 92.54 for properties listed there.
Cook, 2614’s gross rental yield is 4.09%
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