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 12.68%
While Cook,2614 ranked number 26th in ACT for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Property value increases in Cook have tracked just higher than the ACT average of 3.57% over the last 12 months.
The five-year average increase in median property values for Cook,2614 has given property investors a potential capital gain of 18.46% across each of those five years.
With the median price for a house in Cook being $545500 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.91%
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