Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $310,000, Annual capital growth 4.45%, Number of sales 321, Weekly median advertised rent $300

Cessnock Unit: Median price $298,000, Annual capital growth 1.59%, Number of sales 30, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$310,000 $298,000
4.38% N/A
11.11% 3.83%
4.45% 1.59%
$300 $280
321 30
5.03% 4.89%
83.68 120.21

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
Find a mortgage broker in Cessnock NSW
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
Chart Table
Recent sales & rentals