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 11.00%.
The five-year average increase in median property values for Cessnock,2325 has given property investors a potential capital gain of 31.10% across each of those five years.
Sellers are offering property buyers an average discount of -4.00% to buyers in Cessnock at the moment, which is less than average for the rest of NSW.
Residents and property investors in Cessnock have been waiting around 64.87 days to sell a property.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 4.84%
At number 1183th in the list of Australian suburbs ordered by increase in median house value over the last year, Cessnock, 2325 is in the BOTTOM 40% with a property value increase of -0.50% recorded in median house prices.
Cessnock,2325 was ranked 1196 in Australia by increase in median property value over the quarter.
Cessnock, 2325’s gross rental yield is 5.09%