Suburb Profile Report for Cook ACT (2614)

Cook House: Median price $750,000, Annual capital growth 3.17%, Number of sales 33, Weekly median advertised rent $540

Cook Unit: Median price $535,000, Annual capital growth 2.04%, Number of sales 17, Weekly median advertised rent $465

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

If you compare the increase in value of investment property in Cook, 2614 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -3.54%.

The five-year average increase in median property values for Cook,2614 has given property investors a potential capital gain of 11.94% across each of those five years.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

A $540 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 3.17%.

Cook is in the bottom 30% in ACT when comparing median price capital growth over the last year. Cook gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.93%.

If we look at median property appreciation over just the last three months, Cook has given property investors a paper return of 2.29%. This puts Suburb as 22 on a list of fastest fasting appreciating suburbs in ACT

YIP MAG Information supplied by:

YIP MAG
June 2016

M
O

W
E

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

Metrics i HOUSE UNIT
$750,000 $535,000
0.00% 2.29%
-3.54% -0.93%
3.17% 2.04%
$540 $465
33 17
3.74% 4.52%
N/A N/A

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Cook ACT
Demographics
Total population 2901
Median household income ($/weekly) 1763
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 308 10.6
    25-34 years 410 14.1
    35-44 years 498 17.2
    45-54 years 370 12.7
    55-64 years 336 11.6
    Others 980 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 964 43.7
    Not Married 950 43.1
    Defacto Relationship 291 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2040 72.9
    Croatia 71 2.5
    Papua New Guinea 35 1.3
    United Kingdom 183 6.5
    Other 167 6.0
    Others 301 10.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 2.1
    Christianity 1287 48.9
    Hinduism 30 1.1
    Islam 34 1.3
    No Religion 1205 45.8
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 94 8.4
    $1,500-$1,999 165 14.8
    $2,500-$2,999 127 11.4
    $3,000-$3,499 114 10.2
    $4,000 or more 104 9.3
    Others 510 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 995 42.9
    Not in the labour force 707 30.5
    Employed, worked part-time 463 20.0
    Employed, away from work 89 3.8
    Unemployed, looking for work 63 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 255 16.5
    Professionals 650 42.1
    Technicians & trades workers 112 7.2
    Clerical & administrative workers 259 16.8
    Sales 103 6.7
    Others 166 10.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 7.3
    Infants/Primary 213 30.0
    Secondary 142 20.0
    Technical or Further Educational Institution 72 10.1
    University or other Tertiary Institutions 212 29.8
    Others 20 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1714 62.7
    Semi-detached, row or terrace house, townhouse 888 32.5
    Flat, unit or apartment 132 4.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 463 39.1
    Being purchased 371 31.4
    Rented 346 29.2
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table