Mayfield

POSTAL CODE: NSW, 2304

HOUSE

UNIT

Property investments in MAYFIELD fare well against the rest of the country last year, registering a median home price increase of 12.9%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MAYFIELD, 2304 saw average growth in the long term.

Real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 29.9 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,050,000.

MAYFIELD ranks 430th on the list of best yielding suburbs for rental properties in NSW, posting a 3.47% return.

Based on its average 5-year and quarterly capital gains MAYFIELD, 2304 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MAYFIELD, 2304 averaged 10.14% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 3.91% increase in returns based on the current median price in MAYFIELD.

An average of 2.75 real estate transactions take place per month in MAYFIELD which translates to 33 per annum.

33 properties were sold in MAYFIELD during the past year, making it the 234th most active market in NSW based on total real estate transactions.

MAYFIELD, 2304 places 68th in Australia based on median property value growth during the quarter.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,050,000	$825,000
Growth Report
Median Quarterly	2.94%	7.14%
Median 12 month	12.9%	11.49%
Median 3 years	29.63%	30.43%
Median 5 years	63.42%	60.35%
10 years average annual	9.45%	9.73%
Weekly media advert. rent	$700	$620
Time on Market	29.9 days	35.3 days
Gross Rental Yield Percent	3.47%	3.91%

Demographics (Median Values)*

Total Population 9007

Weekly Household Income 678.7

Household Size 2.20

Average Age 37

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type

.module-ajax-wrapper-js-only-732 { display: none !important; }