Investment property in Muswellbrook has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
Muswellbrook,2333 was ranked 2405 in Australia by increase in median property value over the quarter.
At number 484th of NSW’s most discounted properties, Muswellbrook is in the middle of the state/territory when listing in order of most discounted to least.
At number 3171 in a list of fastest selling suburbs, Muswellbrook is in the bottom 20% of suburbs in Australia with an average of days on market 112.135 for properties listed there.
Giving property investors a a stable capital gain of 8.61% for the last year, Muswellbrook, 2333 is the 310th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Muswellbrook comes in at number 122th in NSW.
Muswellbrook, 2333 is offering NSW ‘s 243th 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.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 0.05%, investors should hope to achieve an overall return of 6.79%
Information supplied by:
Demand increases in foodie haven
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.