Giving property investors a a stable capital gain of 3.80% for the last year, Mudgee, 2850 is the 1112th highest performer in Australia in this respect.
A 8.18% growth in median value for property investors in Mudgee,2850 puts this suburb at number 253th in terms of best performing suburbs in NSW
Mudgee, 2850 is offering NSW ‘s 886th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Mudgee, 2850’s gross rental yield is 5.07%
Property investors who have had real estate in Mudgee, 2850 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.64%
Taking the average capital gain, or increase in median house value, Mudgee,2850 has racked up an average of 5.64% over the period. This ranks it number 669th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -1.78% to buyers in Mudgee at the moment, which is less than average for the rest of NSW.
Mudgee is 44th on a list of best yielding suburbs for rents in NSW with a 5.37% return
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Tourist spot brings in tenants
Median house price: $395,000
Vacancy rate: 1.1%
Three-year growth: 7.0%
Right on the banks of the Cudgegong River in NSW’s Central West region, the suburb of Mudgee is a major tourist hub attracting those who love food and adventure. Recently, tenants have found themselves gravitating towards this regional pocket, as the vacancy rate fell from 2.4% to just 1.1% in the 12 months to September 2018. This shows that demand is rising in this area.
Mudgee offers exciting activities like skydiving and hot-air ballooning. Nature lovers are also in close proximity to World Heritage-listed Wollemi National Park and to the Mudgee Observatory, where they have incredible views of the sky. Those interested in Australian history can explored the colonial architecture in town.
Food and wine are massive in Mudgee – acclaimed restaurants make their homes here, along with several wineries and the Mudgee Brewing Company.