Investment property in Cook has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.51%
When looking at the potential capital gains offered to property investors over the last 3 years, Cook comes in at number 5th in ACT.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 3.25%, without taking into account capital value appreciation, which has been averaging out at 5.54%.
Comparing Cook,2614 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The ACT suburb of Cook, 2614 is in the Unincorporated ACT local government area.
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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