Suburb Profile Report for Jesmond NSW (2299)

Jesmond House: Median price $441,000, Annual capital growth 4.88%, Number of sales 35, Weekly median advertised rent $360

Jesmond Unit: Median price $345,000, Annual capital growth 4.65%, Number of sales 32, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Jesmond, 2299 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.56%

Comparing Jesmond,2299 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Jesmond are currently offering property investors an average price cut of -7.63% below the asking price at the moment.

Often selling an investment property can take time, and in Jesmond the average time real estate has been on the market is 73.32 days.

Jesmond is 402th on a list of best yielding suburbs for rents in NSW with a 4.24% return

With a capital gain of 11.29% for the last 12 months, Jesmond, 2299 has performed for property investments than its average annual 4.65% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Jesmond,2299 has racked up an average of 11.29% over the period. This ranks it number 807th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Jesmond is giving property investors an average Vendor Discount of around -4.33%. This puts suburb at number 224th in NSW when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $3900 per annum or $325 every week.

HOUSE UNIT
$441,000 $345,000
5.63% -1.15%
2.56% 11.29%
4.88% 4.65%
$360 $325
35 32
4.24% 4.90%
73.32 95.66

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 2607
Median household income ($/weekly) 735
Median age of persons 29
Median housing loan repayment ($/monthly) 1417
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 216 8.3
    20-24 years 433 16.6
    25-34 years 536 20.6
    35-44 years 254 9.7
    45-54 years 245 9.4
    Others 922 35.4
    Age Group
    Census Count Percent(%)
    Not Married 1203 61.9
    Registered Married 556 28.6
    Defacto Relationship 184 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1626 67.4
    Croatia 118 4.9
    Lebanon 69 2.9
    United Kingdom 56 2.3
    Other 260 10.8
    Others 285 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 104 4.4
    Christianity 1434 60.3
    Hinduism 34 1.4
    Islam 185 7.8
    No Religion 607 25.5
    Others 16 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 136 14.9
    $400-$599 122 13.3
    $600-$799 117 12.8
    $800-$999 84 9.2
    $1,000-$1,249 83 9.1
    Others 373 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1027 49.9
    Employed, worked full-time 477 23.2
    Employed, worked part-time 378 18.4
    Unemployed, looking for work 112 5.4
    Employed, away from work 64 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 170 18.5
    Technicians & trades workers 125 13.6
    Community & personal service workers 141 15.4
    Sales 119 13.0
    Labourers 130 14.2
    Others 233 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 31 3.6
    Infants/Primary 153 17.6
    Secondary 81 9.3
    Technical or Further Educational Institution 81 9.3
    University or other Tertiary Institutions 497 57.3
    Others 24 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1255 53.3
    Semi-detached, row or terrace house, townhouse 670 28.5
    Flat, unit or apartment 427 18.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 614 62.7
    Fully owned 219 22.4
    Being purchased 137 14.0
    Other tenure type 9 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals