Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $297,000, Annual capital growth 4.31%, Number of sales 294, Weekly median advertised rent $300

Cessnock Unit: Median price $296,500, Annual capital growth 3.63%, Number of sales 30, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1902th in the list of Australian suburbs ordered by increase in median house value over the last year, Cessnock, 2325 is in the top half with a property value increase of 5.13% recorded in median house prices.

The five-year average increase in median property values for Cessnock,2325 has given property investors a potential capital gain of 25.32% across each of those five years.

Property buyers and investors in Cessnock 2325 should be seeing an average reduction in asking price of around -4.94% . This means that Cessnock is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 5.25%

Investment property in Cessnock has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.58%

If we look at median property appreciation over just the last three months, Cessnock has given property investors a paper return of 3.13%. This puts Suburb as 138 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Cessnock itself are offering an average vendor discount of -4.32% to real estate investors.

At number 1386 in a list of fastest selling suburbs, Cessnock is in the bottom 10% of suburbs in Australia with an average of days on market 132.26 for properties listed there.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 5.00%, without taking into account capital value appreciation, which has been averaging out at 3.63%.

HOUSE UNIT
$297,000 $296,500
3.39% 3.13%
5.13% -3.58%
4.31% 3.63%
$300 $285
294 30
5.25% 5.00%
92.92 132.26

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (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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