If you compare the increase in value of investment property in Mayfield East, 2304 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 20.69%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mayfield East comes in at number 732th in NSW.
Property buyers and investors in Mayfield East 2304 should be seeing an average reduction in asking price of around -5.41% . This means that Mayfield East is holding prices well when compared to other suburbs in NSW.
At number 453 in a list of fastest selling suburbs, Mayfield East is in the TOP 20% of suburbs in Australia with an average of days on market 44.04 for properties listed there.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 7.20%.
Mayfield East has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.57% to date .
The NSW suburb of Mayfield East, 2304 is in the Newcastle local government area.