Muswellbrook suburb profile
Muswellbrook is a charming town in the Upper Hunter Region of New South Wales, known for its rich history and vibrant community. Situated approximately 243km north of Sydney, it serves as a gateway to the Hunter Valley wine region. Muswellbrook is surrounded by picturesque landscapes, including rolling hills and lush vineyards, making it a popular destination for wine enthusiasts and nature lovers. The town offers a mix of heritage architecture and modern amenities, with a strong focus on agriculture and mining industries. Its welcoming atmosphere and scenic beauty make Muswellbrook a delightful place to visit and live.
Muswellbrook property market performance
Muswellbrook's property market has shown positive growth over the past 12 months, particularly in the housing sector. House values have increased by 10.4%, with the median house price now at $559,500. In contrast, unit values have remained stable, with no change over the same period, maintaining a median price of $320,000.
Sales activity has been robust, with 68 houses and 10 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 35 days on the market, while units are taking longer, with a median of 54 days, indicating a stronger demand for houses.
The rental market in Muswellbrook has seen moderate increases, with house rents rising by 4.0% and unit rents by 2.6% over the last 12 months. The average rent for houses is $520, while units average $390, reflecting steady demand in the rental sector.
Median price - houses$560KPast 3 months
Median price - units$320KPast 3 months
Change in value - houses10.4%12 months
Change in value - units-3.1%12 months
Houses sold68Past 3 months
Units sold10Past 3 months
Median DOM - houses35Past 12 months
Median DOM - units54Past 12 months
Average rent - houses$520Past 12 months
Average rent - units$390Past 12 months
Change in rent - houses4.0%Past 12 months
Change in rent - units2.6%Past 12 months
Muswellbrook demographics
Muswellbrook, located in the Upper Hunter Region of New South Wales, is a charming town known for its rich history, vibrant community, and picturesque landscapes. With a population of 12,272, Muswellbrook offers a blend of rural charm and modern conveniences, making it an attractive place for families and individuals seeking a balanced lifestyle. The median age of 35 reflects a community that is both youthful and family-oriented, with a significant proportion of couple families with children, accounting for 40.4% of the population.
The housing landscape in Muswellbrook is diverse, with a notable portion of properties owned outright (27.1%) and a substantial number owned with a mortgage (33.8%). This indicates a stable housing market with opportunities for both long-term residents and new buyers. Additionally, 39.1% of the properties are rented, providing flexibility for those who prefer renting over homeownership. The median total household income of $1,603 per week suggests a comfortable standard of living for its residents.
Muswellbrook's community is characterized by a mix of family types, with couple families without children making up 37.2% and one-parent families comprising 21.2%. This diversity in family structures contributes to the town's inclusive and welcoming atmosphere. Known for its coal mining and power generation industries, Muswellbrook also offers a range of recreational activities, including wineries, parks, and cultural events, making it a well-rounded destination for those seeking both work and leisure opportunities.
Muswellbrook infrastructure, key developments and investment opportunities
Muswellbrook is undergoing significant changes as it transitions away from coal-fired power generation. The Liddell Power Station closed in April 2023, while the Bayswater Power Station is slated for closure by 2033. To diversify the local economy, there are plans to develop Muswellbrook as a renewable energy hub, with proposals for solar farms and battery storage projects in the area.
The town is also focusing on enhancing its tourism appeal, with ongoing development of the wine and food industry. The Muswellbrook Regional Arts Centre continues to be a cultural draw, hosting prestigious art prizes. Additionally, infrastructure improvements include the long-awaited Muswellbrook bypass project, which is in the planning stages and aims to alleviate heavy traffic through the town center, potentially boosting local business and improving livability.
Muswellbrook rental market trends
The rental market in Muswellbrook has experienced moderate growth, with house rents increasing by 4.0% over the past year to $520 per week, while unit rents have seen a 2.6% rise to $390 per week. This steady growth reflects a stable demand in the area, making Muswellbrook an attractive option for both renters and investors seeking consistent returns in a regional setting.
Suburbs near Muswellbrook
Some popular suburbs near Muswellbrook include: