Giving property investors a a stable capital gain of 0.38% for the last year, Muswellbrook, 2333 is the 1606th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Muswellbrook has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Muswellbrook are currently offering property investors an average price cut of -6.14% below the asking price at the moment.
Advertised rents are around the $380 mark per week – giving a return of 6.48% based on the median price in Suburb
Muswellbrook has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -20.00% to date .
Sellers are offering property buyers an average discount of -5.18% to buyers in Muswellbrook at the moment, which is less than average for the rest of NSW.
Residents and property investors in Muswellbrook have been waiting around 97.3333 days to sell a property.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 5.36%, investors should hope to achieve an overall return of 7.02%
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Information supplied by:
March 2018
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Demand increases in foodie haven
Postcode: 2333
Median house price: $285,000
Vacancy rate: 0.9%
Three-year growth: -6.6%
Famous among foodies, the suburb of Muswellbrook in the Upper Hunter region saw its average vacancy rate tighten considerably from 2.9% to just 0.9%.
The suburb is highly affordable, with houses coming in at a median price of less than $300,000. Nonetheless, following a period of negative growth, Muswellbrook is slowly recovering, with values increasing by 3.6% in the December 2017 quarter.
The average rental return is high at 5%, which could draw investors. With tourism picking up in this area as a result of the thriving food and wine scene, Muswellbrook could have good growth potential. Several events take place yearly to celebrate the arts and agriculture in the suburb. There are also many schools, such as Muswellbrook High School, St James Muswellbrook and Muswellbrook Pre School Kindergarten.