Suburb Profile Report for Jesmond NSW (2299)

Jesmond House: Median price $417,500, Annual capital growth 4.48%, Number of sales 41, Weekly median advertised rent $340

Jesmond Unit: Median price $341,250, Annual capital growth 4.66%, Number of sales 23, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Jesmond, 2299 have given investors a capital gain of -2.91%. This compares very badly with the 7.93% for NSW as a whole.

If we look at median property appreciation over just the last three months, Jesmond has given property investors a paper return of -5.11%. This puts Suburb as 1296 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -8.12% to buyers in Jesmond at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 4.48%.

Over the last year, property investments in Jesmond, 2299 have given investors a capital gain of 12.62%. This compares favourably with the 6.92% for NSW as a whole.

Across a shorter period, Jesmond, 2299 has seen a median price increase of 1.87% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Jesmond itself are offering an average vendor discount of -4.75% to real estate investors.

In the last year 23 properties changed hands in Jesmond, which puts it as the 409th most active market in NSW when comparing the number of sales per suburb.

HOUSE UNIT
$417,500 $341,250
-5.11% 1.87%
-2.91% 12.62%
4.48% 4.66%
$340 $328
41 23
4.23% 4.99%
68.08 89.04

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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