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
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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.