Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $400,000, Annual capital growth 4.05%, Number of sales 414, Weekly median advertised rent $390

Mudgee Unit: Median price $255,000, Annual capital growth -0.16%, Number of sales 31, Weekly median advertised rent $290

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%

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
$400,000 $255,000
1.27% 0.99%
3.00% -1.92%
4.05% -0.16%
$390 $290
414 31
5.07% 5.91%
87.968506 83

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (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