Giving property investors a a stable capital gain of 4.20% for the last year, South Coogee, 2034 is the 1386th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, South Coogee comes in at number 552th in NSW.
With the median price for a house in South Coogee being $2480000 and the advertised rent reaching $1285 the gross rental yield for property investors calculates out to be 2.69%
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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.