If you compare the increase in value of investment property in South Coogee, 2034 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.24%.
Taking the average capital gain, or increase in median house value, South Coogee,2034 has racked up an average of 5.24% over the period. This ranks it number 1515th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that South Coogee is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 162th in terms of most discounted suburbs in NSW
South Coogee, 2034’s gross rental yield is 2.77%
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