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Cooloongup suburb profile

Cooloongup is a residential suburb located within the City of Rockingham, approximately 47km south of Perth, Western Australia. Known for its family-friendly atmosphere, Cooloongup offers a range of amenities including parks, schools, and shopping centers, making it an attractive option for families and retirees. The suburb is well-connected by public transport, with easy access to the Rockingham train station and major roads. Its proximity to the coast provides residents with opportunities for beachside activities and relaxation. Cooloongup's blend of suburban convenience and coastal lifestyle makes it a desirable place to live.

Cooloongup property market performance

Cooloongup’s property market has shown strong growth in the house sector over the past 12 months, with house values increasing by 13.3%. The current median house price stands at $652,000. However, there has been no activity in the unit market, with no units sold or priced, indicating a lack of demand or supply in this segment.

In terms of sales activity, 43 houses have been sold over the past 12 months, with houses spending a median of just 26 days on the market, suggesting a brisk pace of sales. The absence of unit sales further highlights the focus on the housing market in Cooloongup.

The rental market for houses has seen a modest increase, with average rent rising by 2.7% to $565 over the last 12 months. The unit rental market remains inactive, reflecting the overall trend in the suburb’s property market.

HousesUnits
Median price
Past 3 months
$652KN/A
Change in value
Past 12 months
13.3%N/A
Sold
Past 3 months
43N/A
Median days on market
Past 12 months
26N/A
Average rent
Past 12 months
$565N/A
Change in rent
Past 12 months
2.7%N/A

5 year median price trend for houses and units

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Cooloongup demographics

Cooloongup, located in Western Australia, is a suburb that offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 6,696, it is a community that appeals to families and individuals seeking a peaceful lifestyle. The median age of 42 suggests a mature population, with many residents likely enjoying the stability and comfort of established family life.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 31.7% of properties owned outright and 39.9% owned with a mortgage. This indicates a stable community with a strong sense of homeownership. Renting is less common, with 28.3% of properties being rented, which may appeal to those looking for more permanent residency options.

Family dynamics in Cooloongup are diverse, with couple families with children making up 33.5% of the population, while couple families without children account for 40.6%. One-parent families also form a notable part of the community at 24.1%. This variety in family structures contributes to a rich community fabric, offering a supportive environment for both families and individuals. The suburb's median household income of $1,207 per week reflects a modest yet comfortable living standard, making it an attractive option for those seeking affordability without sacrificing quality of life.

Cooloongup infrastructure, key developments and investment opportunities

Cooloongup is experiencing gradual development that may impact its property market. The suburb is benefiting from broader infrastructure improvements in the Rockingham region, including upgrades to public transport connections. Proximity to Rockingham General Hospital and recent enhancements to local schools like Cooloongup Primary School are attracting families to the area.

The nearby Rockingham Lakes Regional Park, which includes Lake Cooloongup, continues to be a key natural asset for the suburb. While no major redevelopment projects are currently underway in Cooloongup itself, the ongoing growth and infrastructure investment in neighboring Rockingham is likely to have positive spillover effects on property values and livability in Cooloongup over time.

Cooloongup rental market trends

The rental market in Cooloongup has experienced modest growth, with house rents increasing by 2.7% over the past year to $565 per week. However, there has been no change in unit rents, remaining at $0 per week. This suggests a limited supply or demand for units, while houses continue to attract interest in this suburban area.

Suburbs near Cooloongup

Some popular suburbs near Cooloongup include:

  • Waikiki: Known for its beautiful beaches and relaxed coastal lifestyle, Waikiki is located directly southwest of Cooloongup.
  • Warnbro: Featuring a family-friendly atmosphere with plenty of parks, Warnbro lies to the south of Cooloongup.
  • Rockingham: Offering a vibrant city center and waterfront attractions, Rockingham is situated to the west of Cooloongup.
  • Baldivis: Known for its modern residential developments and community amenities, Baldivis is located to the northeast of Cooloongup.
  • Parmelia: Featuring a mix of residential and natural spaces, Parmelia is situated to the north of Cooloongup.

How does Cooloongup compare to nearby suburbs?

  • Median house prices: Cooloongup’s median house price is 2.7% higher than Rockingham’s.
  • House price growth: Over the past 12 months, house prices in Cooloongup have grown 1.2% higher than in Waikiki.
  • Selling speed for houses: Properties in Cooloongup are selling 10.3% faster than in Warnbro.
  • House price growth: Over the past 12 months, house prices in Cooloongup have grown 31.8% lower than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Cooloongup have grown 3.2% higher than the average rate of growth for units across Perth.

Common questions about Cooloongup

  • Is Cooloongup a nice place to live?

    Cooloongup is a charming suburb that offers a delightful blend of suburban tranquility and coastal allure, making it a wonderful place to call home. Nestled within the City of Rockingham, Cooloongup is perfect for families seeking a peaceful environment with a strong sense of community. The suburb is known for its lush parks and green spaces, providing ample opportunities for outdoor activities and relaxation. The presence of good schools and local shopping centers ensures that families have access to essential amenities without needing to venture far.

    Safety and a welcoming atmosphere are hallmarks of Cooloongup, making it an appealing choice for families and retirees alike. The suburb's proximity to the coast allows residents to enjoy beachside activities, adding a touch of coastal lifestyle to everyday living. While Cooloongup may not offer the bustling nightlife of inner-city areas, its serene environment and family-friendly vibe more than compensate for it. The suburb is well-connected by public transport, with easy access to the Rockingham train station, making commuting to Perth and surrounding areas convenient.

    For families, Cooloongup provides a supportive environment with a variety of family structures contributing to its rich community fabric. The suburb's ongoing development and infrastructure improvements in the Rockingham region promise to enhance its livability further. However, those seeking a more urban lifestyle might find the suburb's quieter pace a trade-off. Overall, Cooloongup is a fantastic choice for those looking for a stable, community-oriented suburb with the added benefit of coastal proximity.

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  • Is it expensive to live in Cooloongup?

    Living in Cooloongup can be considered relatively affordable compared to other suburbs in the Perth area. The median house price is $633,000, which is quite reasonable when you consider the rising property prices in many parts of the city. For those looking to rent, the average weekly rent for houses is about $555, while units average around $500 per week, making renting a viable option for many.

    When you compare the average weekly wage in Cooloongup, which is approximately $1,229, to the median total household income of $1,207, it suggests that the cost of living aligns well with local earnings. This makes Cooloongup a more accessible suburb for individuals and families earning an average income in the area. While it may not be the cheapest suburb around, it offers a balanced lifestyle without the hefty price tag of more central or trendy areas.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Cooloongup a good place to invest?

    Cooloongup is showing promising signs as a solid investment suburb, with impressive growth in both property values and rental returns over the past year. The median house value has surged by 28.4%, while units have seen a similar increase of 28.0%. This indicates a strong demand for properties in the area, which is a positive signal for potential investors looking for capital growth.

    In addition to the rise in property values, rental returns in Cooloongup have also seen significant increases. House rents have gone up by 11.0%, and unit rents have jumped by an impressive 30.0%. This suggests that the rental market is thriving, making it an attractive option for investors seeking steady rental income. The combination of rising property values and strong rental demand makes Cooloongup a compelling choice for those looking to invest in real estate.

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Choose the right real estate agents in Cooloongup

Currently, there are 66 real estate agents working in Cooloongup—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 66 agents sold 32.6% of all properties in Cooloongup over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Cooloongup typically charge a commission of 2.15% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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