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%