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.