If you compare the increase in value of investment property in Cook, 2614 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 9.09%.
Cook,2614 has offered an average of 9.09% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Cook being $720000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.32%
At number 226th in the list of Australian suburbs ordered by increase in median house value over the last year, Cook, 2614 is in the top 20% with a property value increase of 14.95% recorded in median house prices.
The five-year average increase in median property values for Cook,2614 has given property investors a potential capital gain of 22.70% across each of those five years.
The ACT suburb of Cook, 2614 is in the Unincorporated ACT local government area.
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