Over the last year, property investments in Cook, 2614 have given investors a capital gain of 0.00%. This compares favourably with the -2.25% for ACT as a whole.
Across a shorter period, Cook, 2614 has seen a median price increase of -10.96% over the last quarter.
Cook, 2614 is offering ACT ‘s 22th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.
Often selling an investment property can take time, and in Cook the average time real estate has been on the market is 29.1 days.
Cook is 55th on a list of best yielding suburbs for rents in ACT with a 0.00% return
Cook, 2614 ranked 9th in ACT when comparing growth in median property values or capital gain over the last 12 months. Cook is one of 126 in our list for ACT
A 0.00% growth in median value for property investors in Cook,2614 puts this suburb at number 35th in terms of best performing suburbs in ACT
Sellers are offering property buyers an average discount of 0.00% to buyers in Cook at the moment, which is less than average for the rest of ACT.
Residents and property investors in Cook have been waiting around 0 days to sell a property.
Information supplied by:
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