If you compare the increase in value of investment property in Cessnock, 2325 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.74%.
Across a shorter period, Cessnock, 2325 has seen a median price increase of -1.32% over the last quarter.
The most recent median price for Cessnock is $375000, with sellers offering an average of -6.64% off the asking price.
Advertised rents are around the $355 mark per week – giving a return of 4.92% based on the median price in Suburb
NSW has seen average median house prices change by -3.83% which means that Cessnock, 2325 has not done well for property investors by showing a capital gain of 12.97% over the last year
Cessnock,2325 was ranked 170 in Australia by increase in median property value over the quarter.
Cessnock, 2325 is offering NSW ‘s 332th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
In the last year 34 properties changed hands in Cessnock, which puts it as the 260th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Cessnock being $313500 and the advertised rent reaching $299 the gross rental yield for property investors calculates out to be 4.96%