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Coogee is a delightful coastal suburb that offers a charming blend of beachside living and urban convenience. Known for its stunning beach and relaxed vibe, Coogee is a haven for those who appreciate the beauty of the ocean and the warmth of a tight-knit community. The suburb is perfect for families, with its family-friendly atmosphere and a variety of recreational options, including ocean pools and scenic coastal walks. The vibrant dining scene and local shops add to the suburb's appeal, making it a lively place to call home.

Living in Coogee comes with the advantage of being close to the city while enjoying the tranquility of a beachside suburb. The recent improvements in public transport have made commuting to the Sydney CBD even more convenient, enhancing the suburb's livability. Safety is generally not a major concern, and the strong community spirit contributes to a welcoming environment for residents of all ages. Families will find Coogee particularly attractive due to the ongoing development of educational facilities and the suburb's commitment to enhancing public spaces.

However, living in Coogee does come with some trade-offs. The popularity of the area means that property prices can be high, and the demand for rental properties is significant. Additionally, while the suburb offers a vibrant lifestyle, it may not have the same level of nightlife or cultural events as some inner-city areas. Despite these considerations, Coogee remains a highly sought-after location for those seeking a balanced lifestyle with easy access to both the beach and city amenities. Its unique blend of coastal charm and urban convenience makes it a wonderful place to live for families, young professionals, and retirees alike.

Living in Coogee is undeniably pricey, especially when you consider the current property market. The median house price is a staggering $3,600,000, while units are also on the higher end at $1,535,000. Renting isn't exactly a bargain either, with houses averaging $995 per week and units at $900. These figures highlight the financial commitment required to reside in this desirable beachside suburb.

In comparison, the average annual wage in Coogee is around $98,000, which aligns with Sydney's average salary. However, when you juxtapose this income with the high property prices and rental costs, it's clear that a significant portion of one's earnings would be needed to cover housing expenses. This makes living in Coogee challenging for those earning an average salary, as the cost of living is substantially higher than many other areas.

Overall, while Coogee offers stunning coastal views and a vibrant lifestyle, the cost of living is quite steep. If you're thinking of living in Coogee, it's important to carefully evaluate your financial situation to ensure it can accommodate the expenses associated with this premium suburb.

Coogee is a promising suburb for investment, particularly given its recent property market performance. Over the past 12 months, the median house value in Coogee has surged by an impressive 14.7%, while units have also seen a healthy increase of 11.7%. This upward trend in property values indicates strong demand and a vibrant market, making Coogee an attractive option for investors looking for capital growth.

While rental growth for houses has remained stable, units have experienced a modest increase in rent by 2.3%. This suggests a steady rental market, particularly for units, which can offer a reliable income stream for investors. Coogee's appeal is further enhanced by its stunning coastal location, vibrant community, and proximity to Sydney's CBD, making it a desirable place to live for both renters and buyers.

Overall, Coogee presents a compelling investment opportunity with its strong capital growth potential and steady rental market. Its coastal charm and lifestyle appeal ensure ongoing demand, making it a solid choice for those looking to invest in a thriving suburb.