Mudgee

POSTAL CODE: NSW, 2850

HOUSE

UNIT

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 $731,000.

The upward trend in home prices in MUDGEE, 2850 averaged 1.48% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.41% increase in returns based on the current median price in MUDGEE.

An average of 29.58 real estate transactions take place per month in MUDGEE which translates to 355 per annum.

355 properties were sold in MUDGEE in 2016, making it the 600th most active market in NSW based on total real estate transactions.

MUDGEE, 2850 places 688th 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 $500,000.

Investors saw the median home price rise to $500,000.

The downward trend in home prices in MUDGEE, 2850 averaged -2.75% per annum over a 3-year period.

MUDGEE now ranks at the 335th 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 low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $450 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 91.1 days.

48 properties were sold in MUDGEE in 2016, making it the 146th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$731,000	$500,000
Growth Report
Median Quarterly	1.74%	1.01%
Median 12 month	4.43%	-1.96%
Median 3 years	4.43%	-8.26%
Median 5 years	53.89%	49.25%
10 years average annual	7.48%	7.31%
Weekly media advert. rent	$620	$450
Time on Market	85.9 days	91.1 days
Gross Rental Yield Percent	4.41%	4.68%

Demographics (Median Values)*

Total Population 17644

Weekly Household Income 1229

Household Size 2.50

Average Age 41

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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