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.