Cook is in the TOP 10% in ACT when comparing median price capital growth over the last year. Cook gave property investors a very good capital gain figure when compared to the rest of the state, with 17.19%.
Taking the average capital gain, or increase in median house value, Cook,2614 has racked up an average of 17.19% over the period. This ranks it number 761th in the whole country for real estate investors looking at median house price increases.
Residents and property investors in Cook have been waiting around 38.3846 days to sell a property.
Giving property investors a a solid capital gain of 20.88% for the last year, Cook, 2614 is the 103th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Cook,2614 has racked up an average of 20.88% over the period. This ranks it number 152th in the whole country for real estate investors looking at median house price increases.
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Located only 6km from the Canberra CBD, Cook’s proximity to the city has resulted in the suburb’s median house price rising to as high as it has ever been.
Cook has seen 14.1% growth in its house market, and the vacancy rate hovers at a reasonable 1.2%. Investors will also be attracted to the high rental yield for units, which was 4.7% in the previous quarter.
Despite being close to what Canberra has to offer, the suburb itself is not short of amenities.
The local shopping centre has a supermarket, a cafe and restaurants.
There’s also a preschool and a school park.
Commuters can take a bus to Canberra from the stop at the Templeton St Cook Shops, so, unsurprisingly, the suburb is favoured by young adults working in the city