If you compare the increase in value of investment property in Cook, 2614 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 12.50%.
Across a shorter period, Cook, 2614 has seen a median price increase of 1.91% over the last quarter.
In the last year 23 properties changed hands in Cook, which puts it as the 75th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Cook being $720000 and the advertised rent reaching $517.5 the gross rental yield for property investors calculates out to be 3.74%
Investment property in Cook has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.58%
When looking at the potential capital gains offered to property investors over the last 3 years, Cook comes in at number 12th in ACT.
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.Full summary
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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.Close
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