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Mayfield
AREA REPORTS

Mayfield

Mayfield - 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 8.98% growth over a ten-year period. It ranks 376th on our list of suburbs that property investors should look into.

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

MAYFIELD, 7248 has a capital gain of 48.33% for the past year, which is higher than average compared to its 116.78% growth within a five-year period.

With the median home price in MAYFIELD sitting at $310,000, and the average rent at $350, property owners could potentially earn a 5.87% 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 48.33% 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 10th.

Data report can be found below

Mayfield
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $310,000 N/A
GROWTH REPORT
Median Quarterly 14.81% N/A
Median 12 month 48.33% N/A
Median 3 years 69.86% N/A
Median 5 years 116.78% N/A
10 years average annual 8.98% N/A
Weekly media advert. rent $350 N/A
Time on Market 15.4 days N/A
Gross Rental Yield Percent 5.87% N/A
demographics (median values)*
Total Population
15776
Weekly Household Income
843
Household Size
2.30
Age
33
Monthly Loan Repayment
1105
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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