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 $390,000.
The upward trend in home prices in MUDGEE, 2850 averaged 1.13% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 4.8% increase in returns based on the current median price in MUDGEE.
An average of 27.5 real estate transactions take place per month in MUDGEE which translates to 330 per annum.
330 properties were sold in MUDGEE in 2016, making it the 615th most active market in NSW based on total real estate transactions.
MUDGEE, 2850 places 559th in Australia based on median property value growth during the quarter.
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 $266,000.
Investors saw the median home price rise to $266,000.
The downward trend in home prices in MUDGEE, 2850 averaged -4.07% per annum over a 3-year period.
MUDGEE now ranks at the 337th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MUDGEE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MUDGEE, homes and units usually stay on listing for an average of 166.8 days.
32 properties were sold in MUDGEE in 2016, making it the 226th most active market in NSW based on total real estate transactions.
Apra has got it wrong. They went too far...
Love these helping hints. I bought a...
Yawn.... yeah, why not. Remove negative...
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