At number 140th in the list of Australian suburbs ordered by increase in median house value over the last year, Cooks Hill, 2300 is in the top 10% with a property value increase of 27.67% recorded in median house prices.
Comparing Cooks Hill,2300 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Cooks Hill is $1040500, with sellers offering an average of -4.88% off the asking price.
With the median price for a house in Cooks Hill being $1040500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.45%
Giving property investors a a solid capital gain of 16.43% for the last year, Cooks Hill, 2300 is the 233th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cooks Hill has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Cooks Hill is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in NSW
Situated 98.79km from the CBD, Cooks Hill is one of Newcastle localities in the postcode 2300.