NSW has seen average median house prices change by 7.47% which means that Mudgee, 2850 has done well for property investors by showing a capital gain of 1.20% over the last year
The five-year average increase in median property values for Mudgee,2850 has given property investors a potential capital gain of 15.42% across each of those five years.
Our latest figures would indicate that property sellers in Mudgee are currently offering property investors an average price cut of -4.67% below the asking price at the moment.
In the last year 300 properties changed hands in Mudgee, which puts it as the 20th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 4.81% based on the median price in Suburb
Investment property in Mudgee has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.74%
Mudgee,2850 was ranked 1109 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Mudgee should be aiming for at least -5.60% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 162.23km from the CBD, Mudgee is one of Mid-Western Regional localities in the postcode 2850.