Suburb Profile Report for Mayfield NSW (2304)

Mayfield House: Median price $500,000, Annual capital growth 6.99%, Number of sales 202, Weekly median advertised rent $400

Mayfield Unit: Median price $436,000, Annual capital growth 4.76%, Number of sales 31, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Mayfield, 2304 have given investors a capital gain of 13.64%. This compares favourably with the 8.26% for NSW as a whole.

Mayfield,2304 has offered an average of 13.64% return per annum in house price rises to property investors over the last three years.

Mayfield, 2304 is offering NSW ‘s 575th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.99%, investors should hope to achieve an overall return of 4.16%

NSW has seen average median house prices change by 6.07% which means that Mayfield, 2304 has done well for property investors by showing a capital gain of 17.84% over the last year

Comparing Mayfield,2304 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Mayfield is giving property investors an average Vendor Discount of around -2.23%. This puts suburb at number 438th in NSW when ranking the most discounted suburbs.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 4.76%.

Metrics i HOUSE UNIT
$500,000 $436,000
2.83% 13.25%
13.64% 17.84%
6.99% 4.76%
$400 $350
202 31
4.16% 4.17%
37.79 47.78

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 9070
Median household income ($/weekly) 979
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 826 9.1
    25-34 years 1583 17.5
    35-44 years 1292 14.2
    45-54 years 1254 13.8
    55-64 years 974 10.7
    Others 3141 34.6
    Age Group
    Census Count Percent(%)
    Not Married 3486 52.3
    Registered Married 2226 33.4
    Defacto Relationship 951 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7249 85.4
    Papua New Guinea 151 1.8
    Philippines 71 0.8
    United Kingdom 236 2.8
    Other 273 3.2
    Others 507 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 141 1.7
    Christianity 5681 69.3
    Islam 79 1.0
    Other Religious Groups 55 0.7
    No Religion 2188 26.7
    Others 54 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 384 11.4
    $400-$599 385 11.4
    $600-$799 372 11.0
    $1,000-$1,249 331 9.8
    $1,500-$1,999 450 13.3
    Others 1459 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2708 37.7
    Employed, worked full-time 2542 35.4
    Employed, worked part-time 1327 18.5
    Unemployed, looking for work 358 5.0
    Employed, away from work 254 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 900 21.8
    Technicians & trades workers 596 14.5
    Community & personal service workers 468 11.4
    Clerical & administrative workers 556 13.5
    Labourers 487 11.8
    Others 1114 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 146 7.4
    Infants/Primary 551 28.1
    Secondary 367 18.7
    Technical or Further Educational Institution 294 15.0
    University or other Tertiary Institutions 548 27.9
    Others 56 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 86.2
    Semi-detached, row or terrace house, townhouse 628 7.7
    Flat, unit or apartment 457 5.6
    House or flat attached to a shop, office 35 0.4
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1435 39.5
    Being purchased 1251 34.5
    Fully owned 921 25.4
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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