Cessnock has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.11% to date .
The five-year average increase in median property values for Cessnock,2325 has given property investors a potential capital gain of 30.25% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Cessnock is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 620th in terms of most discounted suburbs in NSW
Situated 115.58km from the CBD, Cessnock is one of Cessnock localities in the postcode 2325.
Cessnock, 2325 ranked 320th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cessnock is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Cessnock comes in at number 509th in NSW.
At number 118th of NSW’s most discounted properties, Cessnock is in the bottom 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Cessnock being $298000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.89%