Suburb Profile Report for Muswellbrook NSW (2333)

Muswellbrook House: Median price $305,000, Annual capital growth 1.71%, Number of sales 265, Weekly median advertised rent $310

Muswellbrook Unit: Median price $251,000, Annual capital growth 14.75%, Number of sales 22, Weekly median advertised rent $295

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

If you compare the increase in value of investment property in Muswellbrook, 2333 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.32%.

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.

Property investors looking for a bargain in Muswellbrook should be aiming for at least -5.55% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of 1.71%, investors should hope to achieve an overall return of 5.29%

Muswellbrook is in the TOP 10% in NSW when comparing median price capital growth over the last year. Muswellbrook gave property investors a very good capital gain figure when compared to the rest of the state, with 18.40%.

If we look at median property appreciation over just the last three months, Muswellbrook has given property investors a paper return of 3.51%. This puts Suburb as 78 on a list of fastest fasting appreciating suburbs in NSW

Muswellbrook, 2333’s gross rental yield is 6.11%

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March 2018

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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%Full summary

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.

Close
Metrics i HOUSE UNIT
$305,000 $251,000
0.00% 3.51%
9.32% 18.40%
1.71% 14.75%
$310 $295
265 22
5.29% 6.11%
85.21 N/A

Source: CoreLogic

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