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%