Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $375,000, Annual capital growth 5.82%, Number of sales 267, Weekly median advertised rent $355

Cessnock Unit: Median price $313,500, Annual capital growth 2.29%, Number of sales 34, Weekly median advertised rent $299

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Cessnock, 2325 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.74%.

Across a shorter period, Cessnock, 2325 has seen a median price increase of -1.32% over the last quarter.

The most recent median price for Cessnock is $375000, with sellers offering an average of -6.64% off the asking price.

Advertised rents are around the $355 mark per week – giving a return of 4.92% based on the median price in Suburb

NSW has seen average median house prices change by -3.83% which means that Cessnock, 2325 has not done well for property investors by showing a capital gain of 12.97% over the last year

Cessnock,2325 was ranked 170 in Australia by increase in median property value over the quarter.

Cessnock, 2325 is offering NSW ‘s 332th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

In the last year 34 properties changed hands in Cessnock, which puts it as the 260th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Cessnock being $313500 and the advertised rent reaching $299 the gross rental yield for property investors calculates out to be 4.96%

Metrics i HOUSE UNIT
$375,000 $313,500
-1.32% 5.20%
2.74% 12.97%
5.82% 2.29%
$355 $299
267 34
4.92% 4.96%
79.2115384615385 62.5769230769231

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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