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Investment Property Cessnock, NSW, 2325

Suburb Snapshot

Cessnock is a suburb in the Cessnock Region of New South Wales. Cessnock has a population of 15,179 people and 33.03% of its occupants live in rental accommodation. The median listing price for houses is $649,000 and this has changed 6.39% over the past year and changed 11.89% over 2 years.

The median rent in Cessnock for houses is $520 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed 0.91% compared to last year and the average time to sell a house/townhouse is 101 days.The median listing price for units is $495,000 and this has changed 5.99% over the past year. The average unit takes 45 days to sell and the median rent for a unit in Cessnock is $420 per week, producing a rental yield of 4.41%.

Supply & Demand in Cessnock, Cessnock

1.16%

Current vacancy rate


83

Rental stock available


15,179

Population


33.03%

Rental population


1.08%

Current vacancy rate


315

Rental stock available


55,568

Population


24.27%

Rental population


1.02%

Current vacancy rate


37,155

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Cessnock, Cessnock

  House Townhouses Units
Median listing price $649,000 $570,000 $495,000
Median price change - last quarter 0.00% 1.81% 5.31%
Median price change - 1 year 6.39% 7.54% 5.99%
Median price change - 2 years 11.89% 15.85% 10.00%
  House Townhouses Units
Median weekly rent $520 $450 $420
Median yield % 4.16% 4.10% 4.41%
Median rent change - 1 year 6.12% 0.00% 10.52%
  House Units
Previous month sales 24 1
Stock on market previous month 111 15
Stock variance vs. last year 0.91% 87.50%
Average days on market 101 45

Cessnock investment property listings

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