Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
MUDGEE, 2850 ranks 1172nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.14% 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 $605,000.
The upward trend in home prices in MUDGEE, 2850 averaged 17.4% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 4.13% increase in returns based on the current median price in MUDGEE.
An average of 29.67 real estate transactions take place per month in MUDGEE which translates to 356 per annum.
356 properties were sold in MUDGEE in 2016, making it the 613th most active market in NSW based on total real estate transactions.
MUDGEE, 2850 places 479th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||29.14%||26.87%|
|Median 3 years||52.2%||68.32%|
|Median 5 years||60.48%||53.99%|
|10 years average annual||6.98%||6.16%|
|Weekly media advert. rent||$480||$385|
|Time on Market||38.8 days||47.8 days|
|Gross Rental Yield Percent||4.13%||4.71%|