Giving property investors a an unimpressive capital gain of -3.57% for the last year, Cook, 2614 is the 2902th 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 -3.57% over the period. This ranks it number 940th in the whole country for real estate investors looking at median house price increases.
Cook, 2614’s gross rental yield is 3.57%
ACT has seen average median house prices change by -0.42% which means that Cook, 2614 has not done well for property investors by showing a capital gain of -0.46% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Cook comes in at number 25th in ACT.
Advertised rents are around the $460 mark per week – giving a return of 4.43% based on the median price in Suburb
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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