With a capital gain of 9.95% for the last 12 months, Cessnock, 2325 has performed for property investments than its average annual 4.75% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cessnock has increased when compared to the 5 year average annual rate.
The most recent median price for Cessnock is $315000, with sellers offering an average of -4.55% off the asking price.
At number 2022 in a list of fastest selling suburbs, Cessnock is just in the bottom half of suburbs in Australia with an average of days on market 81.16 for properties listed there.
The NSW suburb of Cessnock, 2325 is in the Cessnock local government area.
NSW has seen average median house prices change by 7.74% which means that Cessnock, 2325 has done well for property investors by showing a capital gain of 2.24% over the last year
If we look at median property appreciation over just the last three months, Cessnock has given property investors a paper return of -0.50%. This puts Suburb as 437 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Cessnock 2325 should be seeing an average reduction in asking price of around -4.07% . This means that Cessnock is holding prices well when compared to other suburbs in NSW.
Cessnock, 2325’s gross rental yield is 5.04%