Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $377,000, Annual capital growth 2.58%, Number of sales 319, Weekly median advertised rent $350

Mudgee Unit: Median price $275,500, Annual capital growth 0.44%, Number of sales 28, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Mudgee has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.79% to date .

Taking the average capital gain, or increase in median house value, Mudgee,2850 has racked up an average of -0.79% over the period. This ranks it number 3369th in the whole country for real estate investors looking at median house price increases.

Mudgee, 2850 is offering NSW ‘s 829th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

At number 3357 in a list of fastest selling suburbs, Mudgee is in the bottom 20% of suburbs in Australia with an average of days on market 124.23 for properties listed there.

Advertised rents are around the $350 mark per week – giving a return of 4.83% based on the median price in Suburb

Mudgee, 2850 ranked 416th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mudgee is one of 3163 in our list for NSW

The five-year average increase in median property values for Mudgee,2850 has given property investors a potential capital gain of 3.77% across each of those five years.

Property buyers and investors in Mudgee 2850 should be seeing an average reduction in asking price of around -5.82% . This means that Mudgee is holding prices well when compared to other suburbs in NSW.

At number 1465 in a list of fastest selling suburbs, Mudgee is in the bottom 10% of suburbs in Australia with an average of days on market 159.12 for properties listed there.

Mudgee, 2850’s gross rental yield is 5.66%

Metrics i HOUSE UNIT
$377,000 $275,500
-0.79% -1.08%
-0.79% 2.42%
2.58% 0.44%
$350 $300
319 28
4.83% 5.66%
124.23 159.12

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals