Cooloongup has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -4.41% to date .
While Cooloongup,6168 ranked number 114th in WA for increase in median house value (annualised) increase, it is ranked 151th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.04% offered to property buyers. Sellers in Cooloongup itself are offering an average vendor discount of -7.24% to real estate investors.
At number 2137 in a list of fastest selling suburbs, Cooloongup is just in the bottom half of suburbs in Australia with an average of days on market 85.67 for properties listed there.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.84%, investors should hope to achieve an overall return of 5.28%