Over the last year, property investments in Jesmond, 2299 have given investors a capital gain of -2.91%. This compares very badly with the 7.93% for NSW as a whole.
If we look at median property appreciation over just the last three months, Jesmond has given property investors a paper return of -5.11%. This puts Suburb as 1296 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -8.12% to buyers in Jesmond at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 4.48%.
Over the last year, property investments in Jesmond, 2299 have given investors a capital gain of 12.62%. This compares favourably with the 6.92% for NSW as a whole.
Across a shorter period, Jesmond, 2299 has seen a median price increase of 1.87% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Jesmond itself are offering an average vendor discount of -4.75% to real estate investors.
In the last year 23 properties changed hands in Jesmond, which puts it as the 409th most active market in NSW when comparing the number of sales per suburb.