Jesmond, 2299 ranked 1246th in NSW when comparing growth in median property values or capital gain over the last 12 months. Jesmond is one of 3162 in our list for NSW
While Jesmond,2299 ranked number 1306th in NSW for increase in median house value (annualised) increase, it is ranked 926th over the last 5 years.
Our latest figures would indicate that property sellers in Jesmond are currently offering property investors an average price cut of -8.61% below the asking price at the moment.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 4.59%.
Jesmond is in the TOP 30% in NSW when comparing median price capital growth over the last year. Jesmond gave property investors a good capital gain figure when compared to the rest of the state, with 14.90%.
Across a shorter period, Jesmond, 2299 has seen a median price increase of 1.87% over the last quarter.
Our latest figures would indicate that property sellers in Jesmond are currently offering property investors an average price cut of -4.75% below the asking price at the moment.
Residents and property investors in Jesmond have been waiting around 92.33 days to sell a property.
Renters in Suburb are facing rents around $3930 per annum or $327.5 every week.