Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $379,500, Annual capital growth 3.15%, Number of sales 303, Weekly median advertised rent $350

Mudgee Unit: Median price $278,500, Annual capital growth 1.47%, 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 2.29% for the last 12 months, Mudgee, 2850 has performed for property investments than its average annual 3.15% property growth over the last 5 years.

Mudgee,2850 was ranked 2684 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 -4.61%. This puts suburb at number 759th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 25.25 sales per month, which equates to 303 per year.

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 3.15%.

At number 678th in the list of Australian suburbs ordered by increase in median house value over the last year, Mudgee, 2850 is in the top 40% with a property value increase of 5.09% recorded in median house prices.

Comparing Mudgee,2850 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Mudgee 2850 should be seeing an average reduction in asking price of around -5.31% . This means that Mudgee is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Mudgee the average time real estate has been on the market is 157.41 days.

Situated 149.46km from the CBD, Mudgee is one of Mid-Western Regional localities in the postcode 2850.

Metrics i HOUSE UNIT
$379,500 $278,500
0.13% -0.54%
2.29% 5.09%
3.15% 1.47%
$350 $300
303 29
4.80% 5.60%
121.87 157.41

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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