Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $440,000, Annual capital growth 4.09%, Number of sales 305, Weekly median advertised rent $400

Mudgee Unit: Median price $315,000, Annual capital growth 2.45%, Number of sales 43, Weekly median advertised rent $300

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

With a capital gain of 10.28% for the last 12 months, Mudgee, 2850 has performed for property investments than its average annual 4.09% property growth over the last 5 years.

The five-year average increase in median property values for Mudgee,2850 has given property investors a potential capital gain of 17.02% across each of those five years.

Mudgee2850 is located in NSW which offers an average discount of -6.70% to property investors. Mudgee itself is showing figures that indicate -2.87% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Mudgee have been waiting around 77.6408 days to sell a property.

Advertised rents are around the $400 mark per week – giving a return of 4.73% based on the median price in Suburb

Property investors who have had real estate in Mudgee, 2850 should be 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 24.75%

Over the longer term, Mudgee has seen property prices show investors a 16.45% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -2.14% to buyers in Mudgee at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $300 mark per week – giving a return of 4.95% based on the median price in Suburb

Information supplied by:


December 2018

M
O

W
E

Tourist spot brings in tenants

Postcode: 2850

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.

Metrics i HOUSE UNIT
$440,000 $315,000
1.85% 2.94%
10.28% 24.75%
4.09% 2.45%
$400 $300
305 43
4.73% 4.95%
77.6407766990291 101.076923076923

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Mudgee NSW
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
Chart Table