Cook has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.39% to date .
Comparing Cook,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The ACT suburb of Cook, 2614 is in the Unincorporated ACT local government area.
Giving property investors a an average capital gain of 5.35% for the last year, Cook, 2614 is the 746th highest performer in Australia in this respect.
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.
With the median price for a house in Cook being $532000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.11%
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