Over the last year, property investments in South Coogee, 2034 have given investors a capital gain of 2.84%. This compares badly with the 9.05% for NSW as a whole.
While South Coogee,2034 ranked number 1078th in NSW for increase in median house value (annualised) increase, it is ranked 853th over the last 5 years.
Vendor discounting in South Coogee is giving property investors an average Vendor Discount of around -6.79%. This puts suburb at number 256th in NSW when ranking the most discounted suburbs.
Situated 8.36km from the CBD, South Coogee is one of Randwick localities in the postcode 2034.
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