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%.