Cessnock is a well-established suburb in New South Wales within the Cessnock local government area (postcode 2325). With a population of 16,300, the suburb has an established demographic with a median age of 40. Households earn a median income of $62K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cessnock is $666,000, having dipped slightly 0.5% over the past year. Units have a median price of $590,000 (+7.3% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,499.
Cessnock is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 892, which is well below the national average of 1,000. Public transport access includes 125 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Cessnock offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($666K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.7x is considered stretched. House prices have moved -0.5% year-on-year.
Cessnock is a well-established suburb in New South Wales within the Cessnock local government area (postcode 2325). With a population of 16,300, the suburb has an established demographic with a median age of 40. Households earn a median income of $62K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cessnock is $666,000, having dipped slightly 0.5% over the past year. Units have a median price of $590,000 (+7.3% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,499.
Cessnock is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 892, which is well below the national average of 1,000. Public transport access includes 125 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Cessnock offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($666K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.7x is considered stretched. House prices have moved -0.5% year-on-year.