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Cessnock

Suburb Profile

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

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unit

A steady increase in median property prices over a five-year period in the suburb translates to a 16.98% 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 $367,600.

Profits due to an upward trend in home prices there averaged 5.66% per annum over a 3-year period.

Home owners selling their properties and realtors in CESSNOCK usually have to wait an average of 96.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $350 mark, reflecting a 4.95% increase in returns based on the current median price in CESSNOCK.

CESSNOCK, 2325 places 917th 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 $367,600 $307,500
GROWTH REPORT
Median Quarterly -0.65% 0%
Median 12 month -3.26% 3.19%
Median 3 years 16.98% 4.24%
Median 5 years 33.67% -16.67%
10 years average annual 5.42% 2.76%
Weekly media advert. rent $350 $300
Time on Market 96.1 days 91.1 days
Gross Rental Yield Percent 4.95% 5.07%
demographics (median values)
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