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 12.67%.

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 $680 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 38.8 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 $1,014,000.

MAYFIELD ranks 313th on the list of best yielding suburbs for rental properties in NSW, posting a 3.49% 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 5.51% per annum over a 3-year period.

Average weekly rents on listings have reached the $610 mark, reflecting a 4.29% increase in returns based on the current median price in MAYFIELD.

An average of 3.42 real estate transactions take place per month in MAYFIELD which translates to 41 per annum.

41 properties were sold in MAYFIELD during the past year, making it the 179th most active market in NSW based on total real estate transactions.

MAYFIELD, 2304 places 519th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,014,000	$740,000
Growth Report
Median Quarterly	4%	0%
Median 12 month	12.67%	-4.52%
Median 3 years	23.51%	16.54%
Median 5 years	69.71%	62.64%
10 years average annual	9.46%	8.06%
Weekly media advert. rent	$680	$610
Time on Market	38.8 days	41.7 days
Gross Rental Yield Percent	3.49%	4.29%

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.

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