At number 928th in the list of Australian suburbs ordered by increase in median house value over the last year, Cessnock, 2325 is in the top 30% with a property value increase of 12.50% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Cessnock,2325 has racked up an average of 12.50% over the period. This ranks it number 1772th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Cessnock is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 626th in terms of most discounted suburbs in NSW
Residents and property investors in Cessnock have been waiting around 82.17 days to sell a property.
The NSW suburb of Cessnock, 2325 is in the Cessnock local government area.
Giving property investors a an average capital gain of 2.25% for the last year, Cessnock, 2325 is the 894th highest performer in Australia in this respect.
The five-year average increase in median property values for Cessnock,2325 has given property investors a potential capital gain of 6.69% across each of those five years.
Our latest figures would indicate that property sellers in Cessnock are currently offering property investors an average price cut of -4.19% below the asking price at the moment.
Residents and property investors in Cessnock have been waiting around 111 days to sell a property.