Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $339,500, Annual capital growth 5.49%, Number of sales 378, Weekly median advertised rent $310

Cessnock Unit: Median price $289,000, Annual capital growth 1.99%, Number of sales 45, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cessnock have tracked close to the NSW average of 10.25% over the last 12 months.

The five-year average increase in median property values for Cessnock,2325 has given property investors a potential capital gain of 33.14% across each of those five years.

Property investors looking for a bargain in Cessnock should be aiming for at least -3.74% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 31.50 sales per month, which equates to 378 per year.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 5.49%.

Property value increases in Cessnock have tracked lower than the NSW average of 6.98% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Cessnock comes in at number 559th in NSW.

At number 408th of NSW’s most discounted properties, Cessnock is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Metrics i HOUSE UNIT
$339,500 $289,000
1.65% -3.02%
9.52% -3.33%
5.49% 1.99%
$310 $290
378 45
4.75% 5.22%
69.54 85.54

Source: CoreLogic

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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