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%.