Suburb Profile Report for Cessnock NSW (2325)

Cessnock House: Median price $333,000, Annual capital growth 5.25%, Number of sales 366, Weekly median advertised rent $310

Cessnock Unit: Median price $296,500, Annual capital growth 3.19%, Number of sales 44, Weekly median advertised rent $290

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

Source: CoreLogic

  • 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 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%

Metrics i HOUSE UNIT
$333,000 $296,500
4.78% -0.82%
11.00% -0.50%
5.25% 3.19%
$310 $290
366 44
4.84% 5.09%
64.87 N/A

Source: CoreLogic

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
Chart Table
Recent sales & rentals