Property investors who have had real estate in Mayfield East, 2304 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.87%
Across a shorter period, Mayfield East, 2304 has seen a median price increase of 5.43% over the last quarter.
Sellers are offering property buyers an average discount of -6.06% to buyers in Mayfield East at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.36%, investors should hope to achieve an overall return of 4.29%
The most recent median price for Mayfield East is $460000, with sellers offering an average of -1.25% off the asking price.
Often selling an investment property can take time, and in Mayfield East the average time real estate has been on the market is 80.1 days.
Situated 36.59km from the CBD, Mayfield East is one of Newcastle localities in the postcode 2304.