Suburb Profile Report for Jesmond NSW (2299)

Jesmond House: Median price $455,000, Annual capital growth 4.93%, Number of sales 39, Weekly median advertised rent $358

Jesmond Unit: Median price $342,477, Annual capital growth 4.55%, Number of sales 35, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Jesmond have tracked close to the NSW average of 7.47% over the last 12 months.

If we look at median property appreciation over just the last three months, Jesmond has given property investors a paper return of 3.06%. This puts Suburb as 517 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -7.83% to buyers in Jesmond at the moment, which is less than average for the rest of NSW.

In the last year 39 properties changed hands in Jesmond, which puts it as the 810th most active market in NSW when comparing the number of sales per suburb.

Situated 116.36km from the CBD, Jesmond is one of Newcastle localities in the postcode 2299.

With a capital gain of 2.54% for the last 12 months, Jesmond, 2299 has performed for property investments than its average annual 4.55% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Jesmond comes in at number 505th in NSW.

The most recent median price for Jesmond is $342477, with sellers offering an average of -3.64% off the asking price.

Often selling an investment property can take time, and in Jesmond the average time real estate has been on the market is 76.58 days.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.55%, investors should hope to achieve an overall return of 5.01%

Metrics i HOUSE UNIT
$455,000 $342,477
3.06% -1.09%
5.81% 2.54%
4.93% 4.55%
$358 $330
39 35
4.09% 5.01%
64.1 76.58

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