news

Mudgee to grow in 2012

By webmaster

Regional tows in NSW have been flagged for growth by a number of leading property experts, according to Smart Property Investment’s Fast 50 report.

The town of Mudgee, in central west NSW, was selected as a top performer for 2012 by NextHotSpot directRegional tows in NSW have been flagged for growth according to Smart Property Investment’s Fast 50 report.or Luke Berry, who expects Mudgee’s population to grow significantly over the next five years.

“With a possible six resources projects opening up in the next three to five years in the Mid-Western Shire, and around 2,000 new jobs to add to the existing 11,000, Mudgee expects its population to grow by around 6,000, or 25 per cent, over that time,” Mr Berry said.

“The town is affordable, with median house pricing around $300, 000,” he said.

“It’s a lovely place to visit and to live, so the local tourism is also up.”

The median house price in Mudgee is $320,000 while the median unit price is $240,000.

Both houses and units in the town command an average gross rental yield of 6 per cent, according to RP Data.

Mudgee to grow in 2012
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%