AREA REPORTS

Mayfield

Suburb Profile

Mayfield - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7248

house

Based on its average 5-year and quarterly capital gains MAYFIELD, 7248 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MAYFIELD, 7248 obtained a 2.03% growth over a ten-year period. It ranks 2925th on our list of suburbs that property investors should look into.

MAYFIELD, 7248 in TAS belongs to the local government area of Launceston.

MAYFIELD, 7248 has a capital gain of 12.07% for the past year, which is higher than average compared to its 13.24% growth within a five-year period.

With the median home price in MAYFIELD sitting at $162,500, and the average rent at $240, property owners could potentially earn a 7.68% increase in gross rental yield.

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

A 12.07% increase in median property prices in MAYFIELD, 7248 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 88th.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $162,500 N/A
GROWTH REPORT
Median Quarterly 0.93% N/A
Median 12 month 12.07% N/A
Median 3 years 12.07% N/A
Median 5 years 13.24% N/A
10 years average annual 2.03% N/A
Weekly media advert. rent $240 N/A
Time on Market 63.8 days N/A
Gross Rental Yield Percent 7.68% N/A
demographics (median values)
Total Population
1515
Weekly Household Income
527
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Wood house, incentives

Big incentives for property investors under new housing package

As part of its housing affordability plans, the federal opposition has announced its plans to incentivise property investors should it come ...

House for sale

Summer buying opportunities crop up in big markets

The majority of Australia’s capital cities recorded value declines over the last week, new data reveals. ...

Off the plan development

How property developers can win in a softening market

Despite the current marketing softening, there is still space for developers and investors to find solid returns if they're strategic with t...

Piggy bank

Saving for a property purchase over the holidays

Over the holiday season, it can be more difficult to keep control over your spending. However, saving for a property doesn’t mean you have...

Lending money

Investment tip: How to pick a lender in today’s tight credit environment

Amid a tight lending environment and the financial services royal commission, should investors continue to seek financing from major banks o...

Office space

Office investment in Melbourne is boosting resi investment

Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...