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%