Investment property in Cooks Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 29.75%
The five-year average increase in median property values for Cooks Hill,2300 has given property investors a potential capital gain of 71.25% across each of those five years.
Sellers are offering property buyers an average discount of -3.92% to buyers in Cooks Hill at the moment, which is less than average for the rest of NSW.
In the last year 54 properties changed hands in Cooks Hill, which puts it as the 608th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $500 mark per week – giving a return of 2.69% based on the median price in Suburb
Cooks Hill, 2300 ranked 127th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cooks Hill is one of 3163 in our list for NSW
Cooks Hill,2300 was ranked 228 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Cooks Hill are currently offering property investors an average price cut of -2.30% below the asking price at the moment.
Often selling an investment property can take time, and in Cooks Hill the average time real estate has been on the market is 33.2 days.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.28%, investors should hope to achieve an overall return of 3.62%