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Mayfield West
AREA REPORTS

Mayfield West

Mayfield West - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2304

house
unit

Property investors enjoyed capital gains of 21.43% 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 20.98% 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 $482.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $482.5 mark, reflecting a 3.81% increase in returns based on the current median price in MAYFIELD WEST.

MAYFIELD WEST, 2304 ranks 332nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 365th on the list of best yielding suburbs for rental properties in NSW, posting a 3.81% return.

Data report can be found below

Mayfield West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $658,750 $313,500
GROWTH REPORT
Median Quarterly 4.23% 5.91%
Median 12 month 21.43% 24.49%
Median 3 years 20.98% -13.47%
Median 5 years 51.44% N/A
10 years average annual 8% -5.64%
Weekly media advert. rent $482.5 $360
Time on Market 33.3 days 0.0 days
Gross Rental Yield Percent 3.81% 5.97%
demographics (median values)*
Total Population
15176
Weekly Household Income
1231
Household Size
2.30
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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