Get a property report and suburb profile for any property in Coogee

Coogee is a relaxed eastern suburbs beachside village centred on Coogee Beach, with Wylie's Baths, Gordons Bay and the coastal walk towards Bondi shaping the shoreline. The foreshore draws swimmers, snorkellers and walkers, and a compact village strip on Coogee Bay Road and the pavilion provide cafes, pubs and casual dining. Behind the esplanade are low-rise apartment blocks and quieter streets of single-level and period homes, a mix that appeals to young professionals, families and older residents seeking a coastal lifestyle. Local parks, surf life saving activity, regular buses and shops make day-to-day life easy and beach-focused.

About 14,634 people live in Coogee; the median age is 35 and the median household income is $2,976 a week. Homes are predominantly rented, with 55.6% rented compared with 44.4% owner-occupied, so there is a strong rental presence alongside owner-occupiers. Several council and state-backed projects are under way or planned, including a refurbishment of the surf life saving club, a beach water-quality project to divert stormwater offshore, a proposed separated cycleway and work to complete a coastal-walk link.

On the figures, housing in Coogee sits well above what a typical local household earned at the last Census. A median house price of $4,587,500 is about 29.6 times a typical local annual household income at the last Census, and the median unit price of $1,600,000 is about 10.3 times that annual income. Looking at rents, an average house rent of $2,000 a week would take roughly 67.2% of a typical local household's weekly income at the last Census, a large share, while an average unit rent of $990 a week would take about 33.3%, a sizeable share. Which of these matters most depends on whether you plan to rent or buy and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Coogee climbed 9.2% over the past year, a solid rise that outpaced house values, which increased 7.0%. Both sides saw noticeable movement in value rather than little or no change.

Rents rose as well: house rents increased 8.1% and unit rents rose 6.5%. For someone weighing Coogee up as an investment, that means the strongest single movement was unit capital growth (9.2%), while house rents were the strongest performer on the income side (8.1%). Which of those matters to you depends on whether rental income or price growth is your priority and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.