Over the last year, property investments in Cook, 2614 have given investors a capital gain of -9.35%. This compares very badly with the 5.43% for ACT as a whole.
Comparing Cook,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Cook has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.30% to date .
While Cook,2614 ranked number 37th in ACT for increase in median house value (annualised) increase, it is ranked 10th over the last 5 years.
In the last year 31 properties changed hands in Cook, which puts it as the 34th most active market in ACT when comparing the number of sales per suburb.
Advertised rents are around the $400 mark per week – giving a return of 4.15% based on the median price in 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