Suburb Profile Report for Mudgee NSW (2850)

Mudgee House: Median price $410,250, Annual capital growth 4.25%, Number of sales 346, Weekly median advertised rent $400

Mudgee Unit: Median price $283,000, Annual capital growth 0.94%, Number of sales 37, Weekly median advertised rent $295

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

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

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Mudgee, 2850 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.99%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mudgee has increased when compared to the 5 year average annual rate.

At number 879th of NSW’s most discounted properties, Mudgee is in the TOP 10% of the state/territory when listing in order of most discounted to least.

In the last year 346 properties changed hands in Mudgee, which puts it as the 7th most active market in NSW when comparing the number of sales per suburb.

Mudgee, 2850’s gross rental yield is 5.07%

At number 214th in the list of Australian suburbs ordered by increase in median house value over the last year, Mudgee, 2850 is in the top 20% with a property value increase of 8.85% recorded in median house prices.

Mudgee,2850 has offered an average of 8.85% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Mudgee should be aiming for at least -1.78% off the asking price, which is the average vendor discount being achieved at the moment.

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
$410,250 $283,000
2.56% 10.98%
4.99% 8.85%
4.25% 0.94%
$400 $295
346 37
5.07% 5.42%
88.3024193548387 77.0833333333333

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

DSR Score for property investment : Above average (H), Above average (U)
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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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