Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $322,000, Annual capital growth 4.89%, Number of sales 359, Weekly median advertised rent $305

Cessnock Unit: Median price $299,900, Annual capital growth 2.66%, Number of sales 39, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Cessnock is in the bottom 40% in NSW when comparing median price capital growth over the last year. Cessnock gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.97%.

Across a shorter period, Cessnock, 2325 has seen a median price increase of 2.22% over the last quarter.

Vendor discounting in Cessnock is giving property investors an average Vendor Discount of around -4.21%. This puts suburb at number 752th in NSW when ranking the most discounted suburbs.

With the median price for a house in Cessnock being $322000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.93%

Property value increases in Cessnock have tracked lower than the NSW average of 8.63% over the last 12 months.

While Cessnock,2325 ranked number 302th in NSW for increase in median house value (annualised) increase, it is ranked 460th over the last 5 years.

At number 279th of NSW’s most discounted properties, Cessnock is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Situated 106.92km from the CBD, Cessnock is one of Cessnock localities in the postcode 2325.

Metrics i HOUSE UNIT
$322,000 $299,900
2.22% 1.15%
8.97% 0.64%
4.89% 2.66%
$305 $280
359 39
4.93% 4.85%
76.35 89.92

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 13673
Median household income ($/weekly) 870
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1674 12.2
    25-34 years 1764 12.9
    35-44 years 1694 12.4
    45-54 years 1687 12.3
    55-64 years 1598 11.7
    Others 5256 38.4
    Age Group
    Census Count Percent(%)
    Not Married 4229 45.9
    Registered Married 4014 43.5
    Defacto Relationship 976 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 11879 93.2
    Papua New Guinea 134 1.1
    Philippines 38 0.3
    United Kingdom 311 2.4
    Other 116 0.9
    Others 274 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 0.5
    Christianity 9571 80.3
    Islam 30 0.3
    Other Religious Groups 36 0.3
    No Religion 2215 18.6
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 534 12.1
    $400-$599 680 15.4
    $600-$799 521 11.8
    $800-$999 409 9.2
    $1,500-$1,999 450 10.2
    Others 1833 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5054 48.6
    Employed, worked full-time 2969 28.6
    Employed, worked part-time 1625 15.6
    Unemployed, looking for work 392 3.8
    Employed, away from work 356 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 887 17.9
    Community & personal service workers 593 12.0
    Sales 567 11.5
    Machinery operators & drivers 671 13.6
    Labourers 700 14.1
    Others 1532 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 233 8.9
    Infants/Primary 1025 39.1
    Secondary 763 29.1
    Technical or Further Educational Institution 328 12.5
    University or other Tertiary Institutions 200 7.6
    Others 75 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10808 90.6
    Semi-detached, row or terrace house, townhouse 580 4.9
    Flat, unit or apartment 498 4.2
    Caravan, cabin, houseboat 23 0.2
    House or flat attached to a shop, office 16 0.1
    Others 7 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1675 35.3
    Fully owned 1628 34.3
    Being purchased 1396 29.4
    Other tenure type 43 0.9
    Tenure Type
Census 2011, ABS
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