North Coogee has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -8.57% to date .
Property investors looking for a bargain in North Coogee should be aiming for at least -8.95% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in North Coogee have been waiting around 141.95 days to sell a property.
North Coogee is 259th on a list of best yielding suburbs for rents in WA with a 3.83% return
Over the last year, property investments in North Coogee, 6163 have given investors a capital gain of -11.30%. This compares very badly with the -4.11% for WA as a whole.
Taking the average capital gain, or increase in median house value, North Coogee,6163 has racked up an average of -11.30% over the period. This ranks it number 1642th in the whole country for real estate investors looking at median house price increases.
At number 29th of WA’s most discounted properties, North Coogee is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of -4.34%, investors should hope to achieve an overall return of 3.88%