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Hillsborough vs Mudgee

Property investment comparison - Hillsborough, NSW 2320 vs Mudgee, NSW 2850

Head-to-head across core investment metrics: Hillsborough wins 2, Mudgee wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricHillsboroughMudgee
Median house price$740K$740K
Median unit price$525K$510K
Gross rental yield (houses)-4.40%
Gross rental yield (units)6.36%5.20%
1-year house growth-+6.4%
3-year house growth-+5.7%
Vacancy rate1.8%2.7%
Population5011,457

Hillsborough vs Mudgee: what the numbers say

Houses cost about the same in both suburbs: the median house price is $740K in Hillsborough and $740K in Mudgee.

For units, Hillsborough sits at a median of $525K against $510K in Mudgee, which makes Mudgee the more affordable unit market and Hillsborough the pricier one.

Rental vacancy is 1.8% in Hillsborough and 2.7% in Mudgee, so landlords in Hillsborough face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mudgee is the bigger suburb, with a population of 11,457 against 50, roughly 229 times the size of Hillsborough; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Hillsborough for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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Hillsborough vs Mudgee: Suburb Comparison 2026