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Cessnock

Suburb Profile

Cessnock - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2325

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 14.29% capital gain.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $360,000.

Profits due to an upward trend in home prices there averaged 4.76% per annum over a 3-year period.

Home owners selling their properties and realtors in CESSNOCK usually have to wait an average of 94.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $330 mark, reflecting a 4.77% increase in returns based on the current median price in CESSNOCK.

CESSNOCK, 2325 places 1045th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $360,000 $302,500
GROWTH REPORT
Median Quarterly -2.7% -2.02%
Median 12 month -4% -3.28%
Median 3 years 14.29% 2.54%
Median 5 years 32.84% -6.92%
10 years average annual 5.17% 2.94%
Weekly media advert. rent $330 $290
Time on Market 94.4 days 84.3 days
Gross Rental Yield Percent 4.77% 4.99%
demographics (median values)
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