Suburb Profile Report for Cook ACT (2614)

Cook House: Median price $947,500, Annual capital growth 0.00%, Number of sales 30, Weekly median advertised rent $0

Cook Unit: Median price $750,000, Annual capital growth 9.73%, Number of sales 23, Weekly median advertised rent $1,000

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Cook, 2614 have given investors a capital gain of 0.00%. This compares favourably with the -2.25% for ACT as a whole.

Across a shorter period, Cook, 2614 has seen a median price increase of -10.96% over the last quarter.

Cook, 2614 is offering ACT ‘s 22th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.

Often selling an investment property can take time, and in Cook the average time real estate has been on the market is 29.1 days.

Cook is 55th on a list of best yielding suburbs for rents in ACT with a 0.00% return

Cook, 2614 ranked 9th in ACT when comparing growth in median property values or capital gain over the last 12 months. Cook is one of 126 in our list for ACT

A 0.00% growth in median value for property investors in Cook,2614 puts this suburb at number 35th in terms of best performing suburbs in ACT

Sellers are offering property buyers an average discount of 0.00% to buyers in Cook at the moment, which is less than average for the rest of ACT.

Residents and property investors in Cook have been waiting around 0 days to sell a property.

YIP MAG Information supplied by:

YIP MAG
June 2016

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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.

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
$947,500 $750,000
-10.96% -10.84%
0.00% 15.63%
0.00% 9.73%
$0 $1,000
30 23
0.00% 14.05%
29.1 0

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Very good (H)
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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