Mudgee is an average performer in NSW when comparing median price capital growth over the last year. Mudgee gave property investors a good capital gain figure when compared to the rest of the state, with 3.00%.
Mudgee,2850 has offered an average of 3.00% return per annum in house price rises to property investors over the last three years.
The most recent median price for Mudgee is $400000, with sellers offering an average of -3.10% off the asking price.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
Mudgee has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.92% to date .
Over the longer term, Mudgee has seen property prices show investors a -4.67% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Mudgee is $255000, with sellers offering an average of -2.16% off the asking price.
At number 910 in a list of fastest selling suburbs, Mudgee is in the bottom 40% of suburbs in Australia with an average of days on market 83 for properties listed there.
With the median price for a house in Mudgee being $255000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.91%
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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.