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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 varied performance over the past 12 months. House values have increased by 8.3%, bringing the median house price to $536,500, while unit values have remained stable with a median price of $420,000. This indicates a stronger demand for houses compared to units in the area.

Sales activity has been more robust for houses, with 75 sold in the past 12 months compared to just 7 units. Houses are selling relatively quickly, with a median of 37 days on the market, while units are taking longer at 49 days, suggesting a slower pace in the unit market.

The rental market in Muswellbrook has seen house rents increase by 8.3% over the last 12 months, with an average rent of $520. Unit rents have seen a modest rise of 1.3%, averaging $380, reflecting a stronger demand for house rentals.

Median price - houses$530KPast 3 months

Median price - units$410KPast 3 months

Change in value - houses8.3%12 months

Change in value - units-1.6%12 months

Houses sold75Past 3 months

Units sold7Past 3 months

Median DOM - houses35Past 12 months

Median DOM - units49Past 12 months

Average rent - houses$515Past 12 months

Average rent - units$380Past 12 months

Change in rent - houses4.0%Past 12 months

Change in rent - units1.3%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 8.3% over the past year to $520 per week, while unit rents have seen a slight rise of 1.3% to $380 per week. This steady demand highlights Muswellbrook's appeal as a regional hub, offering affordable living options and potential for future investment.

Suburbs near Muswellbrook

Some popular suburbs near Muswellbrook include:

Common questions about Muswellbrook

  • Is Muswellbrook a nice place to live?

    Muswellbrook is a delightful place to live, offering a unique blend of rural charm and modern conveniences. Nestled in the Upper Hunter Region, this suburb is known for its welcoming atmosphere and scenic beauty, making it an attractive choice for families and individuals alike. The community vibe is warm and inclusive, with a mix of family types contributing to a diverse and friendly environment. The town's proximity to the Hunter Valley wine region adds a touch of elegance and leisure, with plenty of opportunities for wine tasting and enjoying the picturesque landscapes.

    For families, Muswellbrook provides a comfortable lifestyle with access to essential amenities such as schools, shops, and recreational facilities. The suburb's focus on transitioning towards renewable energy and enhancing its tourism appeal indicates a forward-thinking community that values sustainability and growth. Safety is generally not a major concern, and the ongoing infrastructure improvements, like the Muswellbrook bypass project, promise to enhance livability by reducing traffic congestion and boosting local businesses.

    However, living in Muswellbrook does come with some trade-offs. While the town offers a peaceful and relaxed lifestyle, those seeking vibrant nightlife or the hustle and bustle of a big city might find it lacking. The transition away from coal-fired power generation presents economic changes, but the development of renewable energy projects offers new opportunities. Overall, Muswellbrook is a charming and evolving suburb that provides a balanced lifestyle, making it a nice place to call home for those who appreciate a blend of history, community, and natural beauty.

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  • Is it expensive to live in Muswellbrook?

    Living in Muswellbrook can be considered relatively affordable compared to many other parts of New South Wales. The median house price is currently around $536,500, which is significantly lower than the prices you'll find in larger cities like Sydney. For those interested in units, the median price is about $420,000. Renting is also reasonably priced, with the average rent for houses sitting at $520 per week and $380 for units.

    When we look at the income side of things, the average wage in Muswellbrook is approximately $91,000 per year. This is quite competitive and suggests that housing costs are manageable for many residents. The median total household income weekly is $1,603, which aligns well with the cost of living in the area. Overall, Muswellbrook offers a more budget-friendly living option while still providing the amenities and lifestyle that make it an attractive place to call home.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Muswellbrook a good place to invest?

    Muswellbrook presents an intriguing opportunity for property investors, particularly those interested in houses. Over the past year, the suburb has experienced an 8.3% increase in median house values, which is a promising sign of growth and demand. This is complemented by a similar 8.3% rise in house rents, indicating a healthy rental market that could provide steady income for investors.

    While the unit market in Muswellbrook has remained stable with no change in median values, the slight increase in unit rents by 1.3% suggests a steady, albeit slower, demand. This stability might appeal to investors looking for a low-risk entry point into the property market, especially if they are considering diversification within their portfolio.

    Overall, Muswellbrook's recent growth in house values and rents makes it a suburb worth considering for investment, particularly for those focused on houses. The steady rental market and potential for continued appreciation in house values could offer a balanced mix of income and growth potential for savvy investors.

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