Mudgee Region: a great place to invest
Stable economic and business environment
Access to affordable real estate for investment properties or business use
Access to experts who can assist in making the right investment decision
One of NSW’s fastest growing regions, and has as a thriving tourism industry
Opportunity for continual growth for existing businesses, new start-ups and entrepreneurs in a supportive community that has relatively low overheads compared to other regions. The Mudgee Region encourages local innovation and entrepreneurship
Strong interest locally in innovation and entrepreneurial activities for all investors
Centrally located in regional NSW with major service industries that are well connected by road, facilitating efficient domestic and international trade
High speed NBN network available through a range of service providers
The region’s labour force comprises over 10,000 diversely skilled employees
Mudgee Region residential and commercial land prices
There is a strong supply of affordable and adequately zoned land available across the Mudgee Region for residential, commercial and investment purposes. There are a range of vacant residential lots available to cater for individual requirements in Mudgee, Gulgong, Kandos and Rylstone. A typical 800-1,000 square metre vacant residential site in a new housing estate is available from approximately $150,000 in the Mudgee urban area and $120,000 in the Gulgong urban area, whilst a 1 acre block in an established area is available from around $330,000. Vacant industrial lots are available from approximately $240,000 for a 2,000 square metre site. Industrial land prices are significantly lower in the Mudgee Region than in metropolitan areas, therefore the region offers opportunities for businesses to buy land for expansion with a lower cost.
Mudgee Region facilities and infrastructure
A key focus of Mid-Western Regional Council is to ensure that local economic infrastructure is provided to meet the needs of local businesses and industries operating in the region. Council continues to invest in essential infrastructure by enhancing its roads, water and sewer networks to accommodate a growing population and expanding business needs. It also makes a significant contribution to new community infrastructure projects, which improve the amenity for local residents and make the region an attractive place to live, work and invest.
Mudgee Region economy
Gross Regional Product (2019) for the region was $2.82 billion, and a key strength of the local economy is its diversity. Business and investment in the Mudgee Region is driven by a number of key industry sectors, of which the top 4 each contribute more than $100 million per annum to overall economic growth. The mining sector accounts for more than half the value of goods and services produced in the region. Agriculture continues to play an important role in the local economy with a wide range of high quality products being locally produced including super fine wool, honey, livestock, thoroughbred horses, grapes and crops. Strong business expansion and continued economic growth has driven increased real estate investment over the last 7 years.
Future of Mudgee Region industry
With new state significant developments, continued mine expansion and a growing population, it is expected that median house values, sales and development approvals will continue to increase. Major industries such as manufacturing and construction will continue to produce large outputs to service the local mining industry. Tourism related businesses are expected to expand, with a consistently growing tourism sector. New wind and solar projects will provide short term opportunities for local businesses during construction.
Want more information on investing in the Mudgee Region?
For more information on the region’s schools, sporting groups, local interest groups, housing prices, rental prices and more, view the publications below.
Council business support
Council recognises the importance of local business in the region and the economic and employment benefits businesses bring to the local community. Council is committed to supporting local businesses and providing a business environment which supports sustainable economic growth and business opportunities in the Region.
Council’s average annual Development Application approvals
* dwellings and dual occupancies
Construction value of approved Development Applications
Number of approved Development Applications by Council
Source: Mid-Western Regional Council
Source: NSW Department of Planning
Source: NSW Department of Planning