Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $365,000, Annual capital growth 5.31%, Number of sales 301, Weekly median advertised rent $350

Cessnock Unit: Median price $305,000, Annual capital growth 2.49%, Number of sales 26, Weekly median advertised rent $300

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Cessnock is an average performer in NSW when comparing median price capital growth over the last year. Cessnock gave property investors a average capital gain figure when compared to the rest of the state, with -2.67%.

Over the longer term, Cessnock has seen property prices show investors a 18.51% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Cessnock is $365000, with sellers offering an average of -6.65% off the asking price.

Over the last year, property investments in Cessnock, 2325 have given investors a capital gain of 2.35%. This compares favourably with the -0.92% for NSW as a whole.

A -19.74% growth in median value for property investors in Cessnock,2325 puts this suburb at number 459th in terms of best performing suburbs in NSW

Property buyers and investors in Cessnock 2325 should be seeing an average reduction in asking price of around -5.46% . This means that Cessnock is holding prices well when compared to other suburbs in NSW.

At number 822 in a list of fastest selling suburbs, Cessnock is in the bottom 40% of suburbs in Australia with an average of days on market 85 for properties listed there.

Cessnock, 2325’s gross rental yield is 5.11%

Metrics i HOUSE UNIT
$365,000 $305,000
-1.35% -1.93%
-2.67% 2.35%
5.31% 2.49%
$350 $300
301 26
4.99% 5.11%
93.2511013215859 85

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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