Over the last year, property investments in Cook, 2614 have given investors a capital gain of -6.52%. This compares very badly with the 5.66% for ACT as a whole.
A 23.60% growth in median value for property investors in Cook,2614 puts this suburb at number 16th in terms of best performing suburbs in ACT
The ACT suburb of Cook, 2614 is in the Unincorporated ACT local government area.
Cook, 2614 ranked 15th 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
Cook,2614 has offered an average of 6.91% return per annum in house price rises to property investors over the last three 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.
Property investors should expect to get $395 weekly from the median priced house in this 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