Suburb Profile Report for Jesmond NSW (2299)

Jesmond House: Median price $460,000, Annual capital growth 5.00%, Number of sales 40, Weekly median advertised rent $350

Jesmond Unit: Median price $343,739, Annual capital growth 5.02%, 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

Jesmond is in the bottom 30% in NSW when comparing median price capital growth over the last year. Jesmond gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.14%.

Across a shorter period, Jesmond, 2299 has seen a median price increase of 4.55% over the last quarter.

Property investors looking for a bargain in Jesmond should be aiming for at least -7.03% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 40 properties changed hands in Jesmond, which puts it as the 802th most active market in NSW when comparing the number of sales per suburb.

Situated 116.35km from the CBD, Jesmond is one of Newcastle localities in the postcode 2299.

With a capital gain of 1.55% for the last 12 months, Jesmond, 2299 has performed for property investments than its average annual 5.02% property growth over the last 5 years.

Jesmond,2299 has offered an average of 1.55% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Jesmond should be aiming for at least -3.59% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Jesmond being $343739 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.99%

Metrics i HOUSE UNIT
$460,000 $343,739
4.55% N/A
3.14% 1.55%
5.00% 5.02%
$350 $330
40 35
3.96% 4.99%
64.27 66.26

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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