Cockatoo has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 25.23% to date .
The five-year average increase in median property values for Cockatoo,3781 has given property investors a potential capital gain of 62.69% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.94% offered to property buyers. Sellers in Cockatoo itself are offering an average vendor discount of -2.66% to real estate investors.
Residents and property investors in Cockatoo have been waiting around 14.04 days to sell a property.
With the median price for a house in Cockatoo being $538500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.48%
House prices in this suburb have been increasing steadily over the past five years, with the April 2017 quarter alone recording a 10% rise. Nonetheless, Cockatoo’s distance from the Melbourne CBD makes it so that even significant jumps in price keep the median value below $450,000.Full summary
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Cockatoo, VIC – Community makes this mountainside suburb
Median house price: $440,000
Three-year growth: 20.55%
Rental yield: 4.14%
Nestled in the Dandenong Ranges between the suburbs of Emerald and Gembrook, Cockatoo is quickly growing as a residential town.
House prices have been increasing steadily over the past five years, with the April 2017 quarter alone recording a 10% rise. Nonetheless, Cockatoo’s distance from the Melbourne CBD makes it so that even significant jumps in price keep the median value below $450,000.
Due to growing demand, vendors are unloading houses at an average discount rate of just 3.7%. Some of this demand is likely coming from investors, who are here for the suburb’s rental yield of 4%.
Cockatoo’s appeal lies in its well-served community. Residents have access to a supermarket, cafes and restaurants along McBride Street, through which the Puffing Billy train passes. The local sports complex is well equipped with courts and an indoor stadium. Naturally, its scenic location is maximised – Cockatoo continues to be a destination for bushwalkers.Close