Located in New South Wales within the Mid-Western Regional local government area, Mudgee is an established suburb (postcode 2850). It is home to about 11,457 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $87K per year, with an average household size of 2.4 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, machinery operators & drivers. Employment in the area leans toward mining and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Mudgee stand at $739,000, having risen solidly by 5.6% over the last twelve months. Units have a median price of $470,000 (-5.5% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,733.
Mudgee is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 3 rail stations, 140 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($739K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved +5.6% year-on-year.