Cessnock, 2325 ranked 179th in NSW when comparing growth in median property values or capital gain over the last 12 months. Cessnock is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Cessnock,2325 has racked up an average of 15.63% over the period. This ranks it number 1192th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Cessnock is $364250, with sellers offering an average of -3.95% off the asking price.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 5.76%.
Cessnock has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
A 16.37% growth in median value for property investors in Cessnock,2325 puts this suburb at number 215th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Cessnock should be aiming for at least -2.11% off the asking price, which is the average vendor discount being achieved at the moment.
Cessnock is 63th on a list of best yielding suburbs for rents in NSW with a 5.29% return