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.
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