How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
MUDGEE, 2850 ranks 776th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.33% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $420,000.
The upward trend in home prices in MUDGEE, 2850 averaged 3.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.95% increase in returns based on the current median price in MUDGEE.
An average of 28.08 real estate transactions take place per month in MUDGEE which translates to 337 per annum.
337 properties were sold in MUDGEE in 2016, making it the 579th most active market in NSW based on total real estate transactions.
MUDGEE, 2850 places 202nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $420,000 | $290,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.44% | 4.69% |
| Median 12 month | 6.33% | 8.21% |
| Median 3 years | 11.7% | 9.43% |
| Median 5 years | 11.04% | -5.38% |
| 10 years average annual | 4.5% | 1.39% |
| Weekly media advert. rent | $400 | $295 |
| Time on Market | 89.7 days | 79.6 days |
| Gross Rental Yield Percent | 4.95% | 5.29% |
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