Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $379,000, Annual capital growth 2.81%, Number of sales 303, Weekly median advertised rent $350

Mudgee Unit: Median price $278,500, Annual capital growth 1.49%, Number of sales 29, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.61% for the last 12 months, Mudgee, 2850 has performed for property investments than its average annual 2.81% property growth over the last 5 years.

Over the longer term, Mudgee has seen property prices show investors a -1.56% return over the last 3 years. This is an improvement over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mudgee, 2850. Typically our figures indicate that -4.40% is being offered, which puts this NSW suburb at 2810th most discounted overall in Australia.

Often selling an investment property can take time, and in Mudgee the average time real estate has been on the market is 121.78 days.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 2.81%.

Property value increases in Mudgee have tracked close to the NSW average of 6.96% over the last 12 months.

Across a shorter period, Mudgee, 2850 has seen a median price increase of 2.39% over the last quarter.

Our latest figures would indicate that property sellers in Mudgee are currently offering property investors an average price cut of -5.14% below the asking price at the moment.

At number 1440 in a list of fastest selling suburbs, Mudgee is in the bottom 10% of suburbs in Australia with an average of days on market 155.15 for properties listed there.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.60%, without taking into account capital value appreciation, which has been averaging out at 1.49%.

Metrics i HOUSE UNIT
$379,000 $278,500
0.00% 2.39%
1.61% 4.31%
2.81% 1.49%
$350 $300
303 29
4.80% 5.60%
121.78 155.15

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 9829
Median household income ($/weekly) 1023
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1369 13.9
    25-34 years 1202 12.2
    35-44 years 1339 13.6
    45-54 years 1240 12.6
    55-64 years 965 9.8
    Others 3715 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 3113 46.7
    Not Married 2698 40.4
    Defacto Relationship 862 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8459 92.3
    Greece 32 0.3
    Papua New Guinea 106 1.2
    United Kingdom 237 2.6
    Other 79 0.9
    Others 247 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.5
    Christianity 7223 81.0
    Islam 14 0.2
    Other Religious Groups 40 0.4
    No Religion 1596 17.9
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 344 10.6
    $400-$599 414 12.8
    $600-$799 341 10.5
    $800-$999 310 9.6
    $1,500-$1,999 383 11.8
    Others 1447 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2669 37.1
    Employed, worked full-time 2652 36.9
    Employed, worked part-time 1380 19.2
    Unemployed, looking for work 243 3.4
    Employed, away from work 241 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 635 14.9
    Technicians & trades workers 767 17.9
    Sales 475 11.1
    Machinery operators & drivers 552 12.9
    Labourers 510 11.9
    Others 1337 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 187 8.8
    Infants/Primary 807 37.8
    Secondary 650 30.4
    Technical or Further Educational Institution 295 13.8
    University or other Tertiary Institutions 155 7.3
    Others 42 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7875 89.1
    Semi-detached, row or terrace house, townhouse 512 5.8
    Flat, unit or apartment 334 3.8
    Caravan, cabin, houseboat 93 1.1
    House or flat attached to a shop, office 29 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1282 36.5
    Fully owned 1137 32.4
    Being purchased 1078 30.7
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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