Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $385,000, Annual capital growth 2.84%, Number of sales 338, Weekly median advertised rent $350

Mudgee Unit: Median price $266,000, Annual capital growth 0.00%, Number of sales 33, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 11.67% which means that Mudgee, 2850 has done well for property investors by showing a capital gain of 1.32% over the last year

Taking the average capital gain, or increase in median house value, Mudgee,2850 has racked up an average of 1.32% over the period. This ranks it number 3339th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -4.04% to buyers in Mudgee at the moment, which is less than average for the rest of NSW.

In the last year 338 properties changed hands in Mudgee, which puts it as the 15th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Mudgee being $385000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.73%

Over the last year, property investments in Mudgee, 2850 have given investors a capital gain of -1.12%. This compares very badly with the 8.39% for NSW as a whole.

Mudgee,2850 has offered an average of -1.12% return per annum in house price rises to property investors over the last three years.

Mudgee, 2850 is offering NSW ‘s 83th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Mudgee, 2850’s gross rental yield is 5.86%

Metrics i HOUSE UNIT
$385,000 $266,000
1.85% -3.27%
1.32% -1.12%
2.84% 0.00%
$350 $300
338 33
4.73% 5.86%
116.39 167.13

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 9829
Median household income ($/weekly) 1023
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1369 13.9
    25-34 years 1202 12.2
    35-44 years 1339 13.6
    45-54 years 1240 12.6
    55-64 years 965 9.8
    Others 3715 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 3113 46.7
    Not Married 2698 40.4
    Defacto Relationship 862 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 8459 92.3
    Greece 32 0.3
    Papua New Guinea 106 1.2
    United Kingdom 237 2.6
    Other 79 0.9
    Others 247 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.5
    Christianity 7223 81.0
    Islam 14 0.2
    Other Religious Groups 40 0.4
    No Religion 1596 17.9
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 344 10.6
    $400-$599 414 12.8
    $600-$799 341 10.5
    $800-$999 310 9.6
    $1,500-$1,999 383 11.8
    Others 1447 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2669 37.1
    Employed, worked full-time 2652 36.9
    Employed, worked part-time 1380 19.2
    Unemployed, looking for work 243 3.4
    Employed, away from work 241 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 635 14.9
    Technicians & trades workers 767 17.9
    Sales 475 11.1
    Machinery operators & drivers 552 12.9
    Labourers 510 11.9
    Others 1337 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 187 8.8
    Infants/Primary 807 37.8
    Secondary 650 30.4
    Technical or Further Educational Institution 295 13.8
    University or other Tertiary Institutions 155 7.3
    Others 42 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7875 89.1
    Semi-detached, row or terrace house, townhouse 512 5.8
    Flat, unit or apartment 334 3.8
    Caravan, cabin, houseboat 93 1.1
    House or flat attached to a shop, office 29 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1282 36.5
    Fully owned 1137 32.4
    Being purchased 1078 30.7
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals