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Coogee is a delightful suburb that offers a charming blend of coastal beauty and urban convenience, making it a wonderful place to call home. Known for its stunning beaches and relaxed seaside vibe, Coogee provides a laid-back lifestyle that appeals to a diverse range of residents, including families, professionals, and retirees. The suburb's vibrant community spirit is evident in its lively dining scene and boutique shopping options, which add to its appeal. With its proximity to the Sydney CBD, Coogee offers the perfect balance of city access and beachside living.

Families will find Coogee particularly appealing due to its excellent amenities, including quality schools and recreational facilities. The suburb's strong community atmosphere and inclusive nature make it a welcoming environment for families of all types. Safety is generally not a major concern, contributing to the suburb's family-friendly reputation. While Coogee's popularity and desirable location mean that property prices can be on the higher side, the trade-off is a high quality of life with access to beautiful natural surroundings and a vibrant local culture.

For those who enjoy an active lifestyle, Coogee offers plenty of opportunities for outdoor activities, from beach days to scenic coastal walks. The suburb's ongoing developments, such as the redevelopment of the Coogee Bay Hotel and proposed infrastructure improvements, promise to enhance its appeal even further. While Coogee may lack the bustling nightlife of inner-city areas, its relaxed atmosphere and strong sense of community make it a highly desirable place to live for those seeking a peaceful yet connected lifestyle.

Living in Coogee is generally considered expensive, especially when you look at the property market. The current median house price is a staggering $3,600,000, while units aren't exactly cheap either, with a median price of $1,550,000. If you're thinking about renting, you should expect to pay around $1,000 per week for a house and about $900 for a unit. These figures reflect the high demand and prime location of Coogee, being close to the beach and within easy reach of Sydney’s central business district.

When you compare this to the average wage in Coogee, which is about $93,000 per year, it becomes clear that a significant portion of income would be required to cover housing costs. The median total household income weekly is $2,976, which, while above the average for New South Wales, still means that housing in Coogee takes a big chunk out of the budget. This makes Coogee less affordable for those earning an average income, particularly when considering the need to balance other living expenses.

Overall, Coogee offers a fantastic lifestyle with its beautiful beach and vibrant community, but the cost of living, especially in terms of housing, is quite high. If you're thinking of living in Coogee, it's important to carefully evaluate your financial situation to ensure it aligns with the expenses associated with this desirable suburb.

Coogee is shaping up to be a promising investment suburb, with impressive growth in property values over the past year. The median house value has increased by 14.7%, and units have seen a similar rise of 14.0%. This indicates a strong demand for properties in the area, making it an attractive option for potential investors. The steady increase in property values suggests that Coogee is a desirable location, likely due to its beautiful beaches, vibrant community, and proximity to the city.

While the rental market for houses has remained stable with no change in rent over the last year, units have experienced a 5.9% increase in rental prices. This suggests a growing demand for rental units, possibly driven by young professionals and students seeking the coastal lifestyle that Coogee offers. The combination of rising property values and increasing rental demand for units makes Coogee a compelling choice for investors looking for both capital growth and rental income potential.