Suburb Profile Report for Muswellbrook NSW (2333)

Muswellbrook House: Median price $310,000, Annual capital growth 0.85%, Number of sales 300, Weekly median advertised rent $383

Muswellbrook Unit: Median price $179,000, Annual capital growth -3.75%, Number of sales 24, Weekly median advertised rent $310

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

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Muswellbrook, 2333 ranked 959th in NSW when comparing growth in median property values or capital gain over the last 12 months. Muswellbrook is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Muswellbrook,2333 has racked up an average of 3.33% over the period. This ranks it number 1874th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Muswellbrook, 2333. Typically our figures indicate that -4.76% is being offered, which puts this NSW suburb at 1065th most discounted overall in Australia.

On average over the past year, suburb has had 25.00 sales per month, which equates to 300 per year.

Property investors who have had real estate in Muswellbrook, 2333 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.50%

When looking at the potential capital gains offered to property investors over the last 3 years, Muswellbrook comes in at number 545th in NSW.

Property investors looking for a bargain in Muswellbrook should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Muswellbrook being $179000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 9.01%

Information supplied by:


March 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$310,000 $179,000
6.90% -26.94%
3.33% -10.50%
0.85% -3.75%
$383 $310
300 24
6.42% 9.01%
108.887323943662 157.153846153846

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 11790
Median household income ($/weekly) 1404
Median age of persons 33
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1725 14.6
    25-34 years 1775 15.1
    35-44 years 1614 13.7
    45-54 years 1591 13.5
    55-64 years 1219 10.3
    Others 3866 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 3688 46.6
    Not Married 3193 40.4
    Defacto Relationship 1031 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 10179 92.2
    Papua New Guinea 177 1.6
    South Africa 45 0.4
    United Kingdom 208 1.9
    Other 149 1.3
    Others 281 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 0.7
    Christianity 8553 82.2
    Islam 32 0.3
    Other Religious Groups 34 0.3
    No Religion 1689 16.2
    Others 23 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 353 9.4
    $600-$799 322 8.5
    $1,500-$1,999 436 11.6
    $2,000-$2,499 317 8.4
    $2,500-$2,999 512 13.6
    Others 1827 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3623 42.5
    Not in the labour force 2822 33.1
    Employed, worked part-time 1411 16.6
    Employed, away from work 353 4.1
    Unemployed, looking for work 311 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 617 11.5
    Technicians & trades workers 1108 20.6
    Clerical & administrative workers 587 10.9
    Machinery operators & drivers 1005 18.7
    Labourers 669 12.4
    Others 1402 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 250 9.8
    Infants/Primary 1028 40.4
    Secondary 782 30.7
    Technical or Further Educational Institution 276 10.8
    University or other Tertiary Institutions 160 6.3
    Others 50 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9848 92.3
    Semi-detached, row or terrace house, townhouse 274 2.6
    Flat, unit or apartment 474 4.4
    Caravan, cabin, houseboat 54 0.5
    House or flat attached to a shop, office 14 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1577 38.7
    Being purchased 1415 34.7
    Fully owned 1066 26.2
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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