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Mayfield

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 13.02% growth over a ten-year period. It ranks 3884th 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 12.5% for the past year, which is lower than average compared to its 83.01% growth within a five-year period.

With the median home price in MAYFIELD sitting at $382,500, and the average rent at $420, property owners could potentially earn a 5.71% 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.

Surburb overview

Mayfield, with the postcode 7248, is a suburb located approximately 7 kilometres north of Launceston’s central business district in Tasmania. Known for its residential character, community-oriented environment, and proximity to urban amenities, Mayfield offers a comfortable lifestyle for its residents. The population is around 2,500 residents, comprising a diverse mix of families, professionals, and retirees.

Mayfield falls under the jurisdiction of the City of Launceston, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston’s CBD and surrounding suburbs. The suburb is also easily accessible by car via major routes, including East Tamar Highway and George Town Road.

Educational facilities near Mayfield include primary schools such as East Tamar Primary School and Mowbray Heights Primary School, catering to the educational needs of young children. For secondary education, students typically attend nearby schools like Brooks High School and Launceston Church Grammar School. For higher education, residents have access to the University of Tasmania’s Newnham campus and various vocational training centres in Launceston.

Mayfield residents often visit the nearby Mowbray Shopping Centre, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Launceston CBD offers additional shopping, dining, and entertainment facilities, easily accessible to Mayfield residents.

The nearby Heritage Forest and Mowbray Heights Park provide opportunities for walking, picnicking, and enjoying the natural beauty of the area. The Tamar River, located a short distance away, offers further opportunities for water-based activities such as fishing, kayaking, and riverside walks.

Residents of Mayfield benefit from its proximity to Launceston, allowing easy access to the city’s cultural and recreational attractions, including the Queen Victoria Museum and Art Gallery, the Cataract Gorge Reserve, and the Launceston Aquatic Centre.

Healthcare services in Mayfield are well-developed, with several medical clinics and specialists available within the suburb and nearby areas. The suburb’s proximity to the Launceston General Hospital ensures residents have access to comprehensive medical care.

Mayfield combines the tranquillity of suburban living with the convenience of nearby urban amenities, making it an attractive suburb for a diverse range of residents. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the Launceston area. The easy access to Launceston’s city amenities and the broader Tasmanian landscape further underscores Mayfield's appeal as a great place to live.

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