Mudgee, 2850 ranked 441th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mudgee is one of 3163 in our list for NSW
Mudgee,2850 has offered an average of 7.23% return per annum in house price rises to property investors over the last three years.
The most recent median price for Mudgee is $445000, with sellers offering an average of -2.11% off the asking price.
On average over the past year, suburb has had 24.58 sales per month, which equates to 295 per year.
Mudgee, 2850’s gross rental yield is 4.56%
Mudgee is in the TOP 20% in NSW when comparing median price capital growth over the last year. Mudgee gave property investors a very good capital gain figure when compared to the rest of the state, with 12.81%.
A 8.22% growth in median value for property investors in Mudgee,2850 puts this suburb at number 258th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Mudgee is offering property investors an average of -3.89. This rate of discount on properties puts Suburb at number 235th in terms of most discounted suburbs in NSW
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Information supplied by:
December 2018
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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.