Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $375,500, Annual capital growth 3.41%, Number of sales 259, Weekly median advertised rent $350

Mudgee Unit: Median price $265,000, Annual capital growth 0.89%, Number of sales 30, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2528th in the list of Australian suburbs ordered by increase in median house value over the last year, Mudgee, 2850 is in the BOTTOM 40% with a property value increase of 2.04% recorded in median house prices.

Mudgee,2850 was ranked 2187 in Australia by increase in median property value over the quarter.

Vendor discounting in Mudgee is giving property investors an average Vendor Discount of around -4.85%. This puts suburb at number 695th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.41%, investors should hope to achieve an overall return of 4.85%

Over the last year, property investments in Mudgee, 2850 have given investors a capital gain of -7.02%. This compares very badly with the 6.59% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Mudgee comes in at number 532th in NSW.

LACK OF BUYER INTEREST may well be the reason that Mudgee is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 163th in terms of most discounted suburbs in NSW

With the median price for a house in Mudgee being $265000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.89%

HOUSE UNIT
$375,500 $265,000
0.13% -3.64%
2.04% -7.02%
3.41% 0.89%
$350 $300
259 30
4.85% 5.89%
127.51 145.47

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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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