With a capital gain of -3.08% for the last 12 months, Cook, 2614 has performed for property investments than its average annual 5.28% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Cook has given property investors a paper return of 8.28%. This puts Suburb as 3 on a list of fastest fasting appreciating suburbs in ACT
The ACT suburb of Cook, 2614 is in the Unincorporated ACT local government area.
If you compare the increase in value of investment property in Cook, 2614 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 16.60%.
Taking the average capital gain, or increase in median house value, Cook,2614 has racked up an average of 16.60% over the period. This ranks it number 808th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Cook being $532000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.01%
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