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%
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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.