Property value increases in Cooks Hill have tracked higher than the NSW average of 7.93% over the last 12 months.
Taking the average capital gain, or increase in median house value, Cooks Hill,2300 has racked up an average of 20.86% over the period. This ranks it number 1114th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Cooks Hill are currently offering property investors an average price cut of -3.13% below the asking price at the moment.
Residents and property investors in Cooks Hill have been waiting around 24.57 days to sell a property.
The NSW suburb of Cooks Hill, 2300 is in the Newcastle local government area.
If you compare the increase in value of investment property in Cooks Hill, 2300 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 2.84%.
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.
Vendor discounting in Cooks Hill is giving property investors an average Vendor Discount of around -2.62%. This puts suburb at number 418th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Cooks Hill the average time real estate has been on the market is 41.33 days.
With the median price for a house in Cooks Hill being $505000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.32%