Investment property in Cessnock has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.71%
If we look at median property appreciation over just the last three months, Cessnock has given property investors a paper return of 3.33%. This puts Suburb as 492 on a list of fastest fasting appreciating suburbs in NSW
At number 637th of NSW’s most discounted properties, Cessnock is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 313 properties changed hands in Cessnock, which puts it as the 15th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
Property value increases in Cessnock have tracked close to the NSW average of 5.73% over the last 12 months.
LACK OF BUYER INTEREST may well be the reason that Cessnock is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 176th in terms of most discounted suburbs in NSW