NSW has seen average median house prices change by 10.13% which means that South Coogee, 2034 has done well for property investors by showing a capital gain of 8.40% over the last year
South Coogee,2034 has offered an average of 8.40% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that South Coogee is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 168th in terms of most discounted suburbs in NSW
South Coogee is 948th on a list of best yielding suburbs for rents in NSW with a 2.68% return
Property investors who have had real estate in South Coogee, 2034 should be pleased 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 26.26%
Taking the average capital gain, or increase in median house value, South Coogee,2034 has racked up an average of 26.26% over the period. This ranks it number 165th in the whole country for real estate investors looking at median house price increases.
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