Karuah vs Mudgee
Property investment comparison - Karuah, NSW 2324 vs Mudgee, NSW 2850
Head-to-head across core investment metrics: Karuah wins 3, Mudgee wins 2. 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.
| Metric | Karuah | Mudgee |
|---|---|---|
| Median house price | $740K | $740K |
| Median unit price | - | $510K |
| Gross rental yield (houses) | 3.92% | 4.40% |
| Gross rental yield (units) | 3.96% | 5.20% |
| 1-year house growth | +9.9% | +6.4% |
| 3-year house growth | +68.3% | +5.7% |
| Vacancy rate | 1.2% | 2.7% |
| Population | 1,618 | 11,457 |
Karuah vs Mudgee: what the numbers say
Houses cost about the same in both suburbs: the median house price is $740K in Karuah and $740K in Mudgee.
On cash flow, Mudgee leads: houses there return a gross rental yield of 4.40%, compared with 3.92% in Karuah, a gap of 0.48 percentage points.
Over the past year house prices moved +9.9% in Karuah and +6.4% in Mudgee, so recent momentum favours Karuah, although both suburbs recorded growth.
Looking back three years, Karuah houses are +68.3% and Mudgee houses +5.7%, so Karuah has compounded faster than Mudgee over the longer window.
Rental vacancy is 1.2% in Karuah and 2.7% in Mudgee, so landlords in Karuah 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 1,618, roughly 7 times the size of Karuah; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mudgee for rental income, Karuah for recent price momentum, Karuah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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