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South Coogee is a delightful suburb that offers a charming blend of coastal beauty and urban convenience, making it a fantastic place to call home. With its stunning ocean views and proximity to the iconic Coogee Beach, residents enjoy a relaxed beachside lifestyle that is both tranquil and invigorating. The suburb's vibe is laid-back yet vibrant, attracting a diverse mix of families, professionals, and retirees who appreciate the serene environment and the strong sense of community.

Families will find South Coogee particularly appealing due to its family-friendly atmosphere and excellent local amenities. The suburb boasts a variety of parks and green spaces, perfect for outdoor activities and leisurely strolls. While it may not have the bustling nightlife of inner-city areas, South Coogee offers a peaceful retreat with easy access to cafes, shops, and restaurants in nearby Coogee. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place to live.

One of the trade-offs of living in South Coogee is the potential for higher property prices, given its desirable location and coastal charm. However, the investment is often seen as worthwhile for those seeking a harmonious blend of work, leisure, and family life. The suburb's proximity to Sydney's CBD, coupled with efficient public transport links, ensures that residents remain well-connected to the city's vibrant offerings. Overall, South Coogee is a wonderful choice for those looking to enjoy a balanced lifestyle in a picturesque setting.

Living in South Coogee is generally considered expensive, particularly when it comes to housing. The current median house price is a staggering $4,900,000, while units are priced at a median of $1,680,000. These figures are significantly higher than many other suburbs, reflecting South Coogee's desirable location and lifestyle offerings. If you're looking to rent, the average rent for houses is about $1,572 per week, and for units, it's $920 per week, both of which are quite high compared to other areas.

In terms of income, the average wage in South Coogee is approximately $91,000 per year, which is slightly lower than the national average. However, when you consider the high cost of housing, it becomes clear that living in South Coogee would require a substantial portion of one's income, making it less affordable for those earning average wages. The median total household income weekly is $2,105, which suggests that dual-income households might find it more manageable, but still, the high property prices and rents mean that living in South Coogee can be a financial stretch for many.

Overall, while South Coogee offers a beautiful coastal lifestyle with its stunning beaches and vibrant community, the cost of living, particularly in terms of housing, is quite high. If you are thinking of living in South Coogee, it's essential to carefully assess your financial situation to ensure it aligns with the expenses associated with residing in this premium suburb.

South Coogee presents a promising opportunity for real estate investment, particularly for those interested in the rental market. Over the past year, the suburb has experienced a notable 8.9% increase in median house values, indicating strong demand and potential for capital growth. While the median unit values have remained stable, the rental market for units has surged with a 15% increase in rent, highlighting a growing demand for rental properties in the area.

The stability in house rents suggests a steady demand for family homes, while the significant rise in unit rents points to a vibrant rental market, possibly driven by young professionals and students seeking proximity to the beach and city amenities. This trend makes South Coogee particularly attractive for investors looking to capitalize on rental income, especially in the unit sector.

Overall, South Coogee offers a balanced investment landscape with potential for both capital appreciation and rental yield. The suburb's coastal charm, combined with its proximity to Sydney's bustling city life, ensures ongoing demand from both buyers and renters, making it a solid choice for property investors.