Over the last year, property investments in North Coogee, 6163 have given investors a capital gain of -8.01%. This compares badly with the -5.20% for WA as a whole.
North Coogee,6163 was ranked 3774 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -9.11% to buyers in North Coogee at the moment, which is less than average for the rest of WA.
Residents and property investors in North Coogee have been waiting around 144.78 days to sell a property.
A $850 per week rent on the median house gives suburb investors a gross yield of circa 3.95%, without taking into account capital value appreciation, which has been averaging out at 6.83%.
Giving property investors a a poor capital gain of -11.67% for the last year, North Coogee, 6163 is the 1603th 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 North Coogee has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in North Coogee should be aiming for at least -7.76% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of -5.00%, investors should hope to achieve an overall return of 3.88%