Cook is in the bottom 10% in ACT when comparing median price capital growth over the last year. Cook gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.66%.
A 25.23% growth in median value for property investors in Cook,2614 puts this suburb at number 30th in terms of best performing suburbs in ACT
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.47%, without taking into account capital value appreciation, which has been averaging out at 4.80%.
Property investors who have had real estate in Cook, 2614 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.11%
The five-year average increase in median property values for Cook,2614 has given property investors a potential capital gain of 16.79% 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
Information supplied by:
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