Property investors who have had real estate in Cessnock, 2325 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.14%
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.
Cessnock2325 is located in NSW which offers an average discount of -5.50% to property investors. Cessnock itself is showing figures that indicate -4.96% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Cessnock the average time real estate has been on the market is 85.02 days.
Cessnock is 153th on a list of best yielding suburbs for rents in NSW with a 5.20% return
Over the last year, property investments in Cessnock, 2325 have given investors a capital gain of -0.67%. This compares badly with the 5.59% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Cessnock comes in at number 513th in NSW.
Cessnock, 2325 is offering NSW ‘s 83th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.