Cessnock is in the bottom 40% in NSW when comparing median price capital growth over the last year. Cessnock gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.97%.
Across a shorter period, Cessnock, 2325 has seen a median price increase of 2.22% over the last quarter.
Vendor discounting in Cessnock is giving property investors an average Vendor Discount of around -4.21%. This puts suburb at number 752th in NSW when ranking the most discounted suburbs.
With the median price for a house in Cessnock being $322000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.93%
Property value increases in Cessnock have tracked lower than the NSW average of 8.63% over the last 12 months.
While Cessnock,2325 ranked number 302th in NSW for increase in median house value (annualised) increase, it is ranked 460th over the last 5 years.
At number 279th of NSW’s most discounted properties, Cessnock is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Situated 106.92km from the CBD, Cessnock is one of Cessnock localities in the postcode 2325.