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
Current median dwelling price$439,500Past 3 months
Property growth+4.2%Past 12 months
Muswellbrook's property market has shown robust growth over the past 12 months, particularly in the housing sector. House values have surged by 12.9%, with the median house price now at $564,000. In contrast, the unit market has remained stagnant, with no change in median unit values, reflecting limited activity in this segment.
Sales activity has been notable, with 86 houses and 8 units sold over the past 12 months. Houses are moving relatively slowly, with a median of 61 days on the market, while units are taking even longer at 70 days, indicating a more cautious buyer approach in the unit market.
The rental market in Muswellbrook has seen significant changes, particularly for houses, where rents have increased by 10% over the last 12 months. Unit rents have seen a modest rise of 2.7%, suggesting stronger demand for house rentals in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $564K | N/A |
Change in value Past 12 months | 12.9% | -4.6% |
Sold Past 3 months | 86 | 8 |
Median days on market Past 12 months | 61 | 70 |
Average rent Past 12 months | $550 | $380 |
Change in rent Past 12 months | 10.0% | 2.7% |
5 year median price trend for houses and units
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 10% over the past year to $550 per week, while unit rents have seen a smaller rise of 2.7% to $380 per week. As a regional hub with ongoing development and a stable rental demand, Muswellbrook offers appealing opportunities for both renters and investors seeking value in a growing community.
Suburbs near Muswellbrook
Some popular suburbs near Muswellbrook include:
How does Muswellbrook compare to nearby suburbs?
- Median house prices: Muswellbrook’s median house price is 30.4% lower than North Rothbury’s.
- House price growth: Over the past 12 months, house prices in Muswellbrook have grown 9.1% higher than in North Rothbury.
- Unit price growth: Property prices in nearby Cessnock have risen 12.9% more than in Muswellbrook over the past year.
- Selling speed for houses: Properties in Muswellbrook are selling 26.5% faster than in North Rothbury.
- Selling speed for units: Properties in nearby Cessnock are selling 37.1% faster than in Muswellbrook.