Giving property investors a an average capital gain of 4.10% for the last year, Coogee, 2034 is the 2461th highest performer in Australia in this respect.
Over the longer term, Coogee has seen property prices show investors a 45.93% return over the last 3 years. This is worse than over the last 12 months
With the median price for a house in Coogee being $2727500 and the advertised rent reaching $1225 the gross rental yield for property investors calculates out to be 2.34%
Investment property in Coogee has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.31%
If we look at median property appreciation over just the last three months, Coogee has given property investors a paper return of 2.73%. This puts Suburb as 192 on a list of fastest fasting appreciating suburbs in NSW
At number 3rd of NSW’s most discounted properties, Coogee is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $695 and the average annual increase in value of a median property of 7.72%, investors should hope to achieve an overall return of 3.20%