If you compare the increase in value of investment property in North Coogee, 6163 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.87%.
Comparing North Coogee,6163 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in North Coogee are currently offering property investors an average price cut of -8.15% below the asking price at the moment.
At number 3461 in a list of fastest selling suburbs, North Coogee is in the bottom 10% of suburbs in Australia with an average of days on market 133.3 for properties listed there.
With a capital gain of 30.26% for the last 12 months, North Coogee, 6163 has performed for property investments than its average annual -1.97% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Coogee has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -11.36% to buyers in North Coogee at the moment, which is less than average for the rest of WA.
At number 1371 in a list of fastest selling suburbs, North Coogee is in the bottom 10% of suburbs in Australia with an average of days on market 130.53 for properties listed there.
With the median price for a house in North Coogee being $650000 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 3.40%