Over the last year, property investments in South Coogee, 2034 have given investors a capital gain of -1.25%. This compares favourably with the -3.70% for NSW as a whole.
The five-year average increase in median property values for South Coogee,2034 has given property investors a potential capital gain of 39.41% across each of those five years.
Advertised rents are around the $1400 mark per week – giving a return of 3.07% based on the median price in Suburb
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Water views and beaches enhance its value
Median house price: $2,205,500
Vacancy rate: 0.77%
Three-year growth: 42.06%
Less than 10km south of Sydney is the beachside suburb of South Coogee. It provides residents and visitors with a beautiful view of the water from Coastal Walk.
Likely because of its ideal location, South Coogee is an expensive suburb, with the median house price clocking in at over $2m. Meanwhile, the average rent is a steep $1,225 per week. Although prices dropped slightly over January 2017, the suburb has historically recorded significant growth over the years, with a high average annual growth rate of 8.03%. The average vacancy rate fell from 1.23% to a very low 0.77% as well.
South Coogee houses Latham Park, a good-sized recreational spot that includes sports facilities such as football fields and bowling greens. It is also the home of the first cemetery in the Randwick municipality. The local shopping centre is situated near this cemetery.