Coogee snapshot
- Median price: $2,085,765
- Median weekly rent: $1,464/wk
- Population: 19,521
- Days on market: 63 days
How Coogee stacks up
- Rental Yield: Moderate
- Capital Growth: Moderate
- Vacancy: High
About Coogee
Coogee, located in New South Wales, is a vibrant suburb that offers a unique blend of beachside living and urban convenience. With a median property price of over $2 million, it attracts a diverse population of around 19,500 residents, making it a desirable location for both families and professionals. The suburb's capital growth has been moderate, indicating a stable investment environment for prospective buyers.
Investors may find Coogee appealing due to its rental market dynamics. The median weekly rent is substantial, reflecting the high demand for rental properties in the area. However, it's worth noting that the rental vacancy rate is high, which could present challenges in securing tenants. Despite this, the moderate rental yield suggests that there are opportunities for investors to achieve reasonable returns in this sought-after coastal suburb.
Frequently asked questions
What is the median property price in Coogee?
The median property price in Coogee is $2,085,765.
How many people live in Coogee?
Coogee has a population of approximately 19,521.
What is the typical days on market for properties in Coogee?
Properties in Coogee typically spend around 63 days on the market.
What is the rental yield like in Coogee?
The rental yield in Coogee is considered moderate.
How does the capital growth in Coogee compare?
Coogee has experienced moderate capital growth.