With a capital gain of 12.62% for the last 12 months, Mayfield, 2304 has performed for property investments than its average annual 6.32% property growth over the last 5 years.
A 41.41% growth in median value for property investors in Mayfield,2304 puts this suburb at number 359th in terms of best performing suburbs in NSW
Vendor discounting in Mayfield is giving property investors an average Vendor Discount of around -4.69%. This puts suburb at number 748th in NSW when ranking the most discounted suburbs.
With the median price for a house in Mayfield being $473000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.29%
At number 1502th in the list of Australian suburbs ordered by increase in median house value over the last year, Mayfield, 2304 is in the BOTTOM 20% with a property value increase of -7.37% recorded in median house prices.
If we look at median property appreciation over just the last three months, Mayfield has given property investors a paper return of 0.57%. This puts Suburb as 273 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -3.73% to buyers in Mayfield at the moment, which is less than average for the rest of NSW.
Residents and property investors in Mayfield have been waiting around 73.83 days to sell a property.
Situated 108.52km from the CBD, Mayfield is one of Newcastle localities in the postcode 2304.