Jesmond is a suburb of Newcastle, located about 9.5 km west of the Newcastle CBD. It is especially popular with university students due to its proximity to the university, its shopping centre and transport.
Jesmond is approximately 1.2 square kilometres. It has 7 parks covering nearly 14.8% of total
area. The population of Jesmond in 2011 was 2,607 people. By 2016 the population was 3,055 showing a population growth of 17.2% in the area during that time. The predominant age group in Jesmond is 20-29 years. Households in Jesmond are primarily couples with children and are likely to be repaying $1400 – $1799 per month on mortgage repayments. In general, people in Jesmond work in a professional occupation. In 2011, 34.5% of the homes in Jesmond were owner-occupied compared with 29.9% in 2016.
Currently the median sales price of houses in the area is $738,000.
Houses in Jesmond rent out for an average of $395 PW with an annual rental yield of 3.0% and units rent for $420 PW with a rental yield of 5.0%.
Based on five years of sales, Jesmond has seen a compound growth rate of 20.8% for houses and -5.5% for units.
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