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Coogee is a popular suburb for property investment as it is both by the beach and only 8km south east of the Sydney CBD in New South Wales, Australia. It is considered to be in the eastern suburbs of Sydney.
Coogee is considered to be the perfect place to live if you are a single or a couple wanting the balanced lifestyle of the beach and eating and shopping further into the suburb. It has spectacular ocean view apartments and great weather all the time.
The most in demand type of property has to be the high apartments with views as people want the spectacular ocean view. Also people who want to raise a family in Coogee are looking for houses so property investors could make a solid profit in these two types of in demand properties Coogee.
The most common properties in Coogee are mostly renovated old houses and new apartments and these are being bought and sold in Coogee all the time.
The number one amenity in Coogee has to be the famous Coogee beach where beach lovers can swim, surf and have fun. With Coogee’s spectacular weather, this happens frequently throughout the year. There are many burger and fish and chips eateries in Coogee and also many fancy restaurants such as the Barzura Café Ristorante and Annie’s Restaurant. There are also options for shopping and watching movies throughout Coogee such as the Ritz cinema. If you want to get away from the beach for a day or two, you can walk 5-10 minutes inland to Randwick where you can enjoy what it has to offer.
There were 9000+ people employed in 2011 and 1200 of these people were in the area of Professional, Scientific and Technical Services which dominates the industry in Coogee.
Unfortunately the only two ways to get public transport is buses and taxis if you are lucky. Coogee isn’t too far from the city but you have to be willing to cope with limited public transport if you want to invest in Coogee.
There are two main roads which intersect each other in Coogee and these are Coogee Bay Road and Arden St which is the street that goes along the beach.
Metropole’s Sydney Buyers Agent office is located just a 15 minute drive away from Coogee in Edgecliff. So when it comes to property investment in Coogee, no one knows it better than Metropole’s buyers agents.
Over the years the experiences Buyer’s Agents at Metropole have helped many property investors and home buyers purchase in this area. Why not click here and leave your details so we can be in contact and help you with your property search the best investment property for your portfolio in Coogee.
Coogee is a gentrified coastal suburb South-East of Sydney CBD which will see the benefits of infrastructure projects over 2019. The South-East Light Rail project is a $2.2B project due to be completed in 2019 and will see a 12km light rail network connect Circular Quay to Kingsford. In addition to the light rail a $5M upgrade of the Coogee Bay Road town centre commenced in September 2018.
Distance from CBD: 8 km South East
Average Annual Growth: 8.78%
No. Years to double in value: 8.2 years
Total population: 14,012
Median Household Income: $2099 (weekly)
Walk Score: 79 – Very Walkable