Property investors who have had real estate in South Coogee, 2034 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.09%
Taking the average capital gain, or increase in median house value, South Coogee,2034 has racked up an average of 6.09% over the period. This ranks it number 733th in the whole country for real estate investors looking at median house price increases.
The most recent median price for South Coogee is $2265000, with sellers offering an average of -6.79% off the asking price.
South Coogee, 2034’s gross rental yield is 3.10%
Over the last year, property investments in South Coogee, 2034 have given investors a capital gain of 0.74%. This compares badly with the 6.07% for NSW as a whole.
If we look at median property appreciation over just the last three months, South Coogee has given property investors a paper return of 4.73%. This puts Suburb as 124 on a list of fastest fasting appreciating suburbs in NSW
South Coogee is 338th on a list of best yielding suburbs for rents in NSW with a 3.91% return
Likely because of its ideal location, South Coogee is an expensive suburb, with the median house price clocking in at over $2m.Full summary
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Water views and beaches enhance its value
Median house price: $2,205,500
Vacancy rate: 0.77%
Three-year growth: 42.06%
Less than 10km south of Sydney is the beachside suburb of South Coogee. It provides residents and visitors with a beautiful view of the water from Coastal Walk.
Likely because of its ideal location, South Coogee is an expensive suburb, with the median house price clocking in at over $2m. Meanwhile, the average rent is a steep $1,225 per week. Although prices dropped slightly over January 2017, the suburb has historically recorded significant growth over the years, with a high average annual growth rate of 8.03%. The average vacancy rate fell from 1.23% to a very low 0.77% as well.
South Coogee houses Latham Park, a good-sized recreational spot that includes sports facilities such as football fields and bowling greens. It is also the home of the first cemetery in the Randwick municipality. The local shopping centre is situated near this cemetery.Close