Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $300,000, Annual capital growth 4.16%, Number of sales 306, Weekly median advertised rent $300

Cessnock Unit: Median price $298,000, Annual capital growth 4.11%, Number of sales 32, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$300,000 $298,000
1.52% N/A
7.14% -0.67%
4.16% 4.11%
$300 $280
306 32
5.20% 4.89%
85.02 133.8

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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