If you compare the increase in value of investment property in Coogee, 2034 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -11.08%.
Coogee,2034 was ranked 3895 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 8.35%, investors should hope to achieve an overall return of 2.41%
At number 1058th in the list of Australian suburbs ordered by increase in median house value over the last year, Coogee, 2034 is in the BOTTOM 30% with a property value increase of -6.70% recorded in median house prices.
The five-year average increase in median property values for Coogee,2034 has given property investors a potential capital gain of 34.41% across each of those five years.
Property investors looking for a bargain in Coogee should be aiming for at least -7.10% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 210 properties changed hands in Coogee, which puts it as the 24th most active market in NSW when comparing the number of sales per suburb.
Situated 7.23km from the CBD, Coogee is one of Randwick (C) localities in the postcode 2034.