At number 2142th in the list of Australian suburbs ordered by increase in median house value over the last year, Mudgee, 2850 is in the BOTTOM 50% with a property value increase of 5.02% recorded in median house prices.
Mudgee,2850 has offered an average of 5.02% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Mudgee is giving property investors an average Vendor Discount of around -2.44%. This puts suburb at number 672th in NSW when ranking the most discounted suburbs.
Mudgee, 2850’s gross rental yield is 4.85%
Giving property investors a a solid capital gain of 14.31% for the last year, Mudgee, 2850 is the 215th highest performer in Australia in this respect.
Mudgee,2850 was ranked 722 in Australia by increase in median property value over the quarter.
Mudgee, 2850 is offering NSW ‘s 248th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.63%, without taking into account capital value appreciation, which has been averaging out at 2.00%.
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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.