Suburb Profile Report for Jesmond NSW (2299)

Jesmond House: Median price $440,500, Annual capital growth 4.63%, Number of sales 41, Weekly median advertised rent $350

Jesmond Unit: Median price $342,477, Annual capital growth 4.21%, Number of sales 38, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$440,500 $342,477
4.88% -1.52%
3.65% 10.48%
4.63% 4.21%
$350 $330
41 38
4.13% 5.01%
68.29 93.03

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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Recent sales & rentals