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 3.65%
A 29.58% growth in median value for property investors in Jesmond,2299 puts this suburb at number 306th in terms of best performing suburbs in NSW
The most recent median price for Jesmond is $440500, with sellers offering an average of -8.02% off the asking price.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
At number 376th in the list of Australian suburbs ordered by increase in median house value over the last year, Jesmond, 2299 is in the top 30% with a property value increase of 10.48% recorded in median house prices.
Jesmond,2299 has offered an average of 10.48% 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 -3.77% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.21%, investors should hope to achieve an overall return of 5.01%