Mayfield West

POSTAL CODE: NSW, 2304

HOUSE

UNIT

Property investors enjoyed capital gains of 16.82% over the last 12 months in MAYFIELD WEST, translating to lower returns compared with its peers in NSW.

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

The suburb posted a 34.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $692.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $692.5 mark, reflecting a 3.56% increase in returns based on the current median price in MAYFIELD WEST.

MAYFIELD WEST, 2304 ranks 190th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 430th on the list of best yielding suburbs for rental properties in NSW, posting a 3.56% return.

Property investors have seen a -20.91% drop in MAYFIELD WEST based on a decrease in median home prices for the past three months.

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

MAYFIELD WEST, 2304 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $520,000.

Profits due to an upward trend in home prices in MAYFIELD WEST, 2304 averaged 13.01% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

The gross rental yield in MAYFIELD WEST, 2304 is 5.5%.

An average of 1.75 real estate transactions take place per month in MAYFIELD WEST which translates to 21 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,010,500	$520,000
Growth Report
Median Quarterly	10.44%	-20.91%
Median 12 month	16.82%	1.66%
Median 3 years	34.73%	39.04%
Median 5 years	57.15%	75.68%
10 years average annual	9.6%	7.53%
Weekly media advert. rent	$693	$550
Time on Market	29.4 days	N/A
Gross Rental Yield Percent	3.56%	5.5%

Demographics (Median Values)*

Total Population 15176

Weekly Household Income 1231

Household Size 2.30

Average Age 37

Monthly Loan Repayment 1700

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

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