Property investors who have had real estate in Mayfield, 2304 should be relatively 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 10.84%
Over the longer term, Mayfield has seen property prices show investors a 29.21% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Mayfield is giving property investors an average Vendor Discount of around -4.69%. This puts suburb at number 731th in NSW when ranking the most discounted suburbs.
Property value increases in Mayfield have tracked lower than the NSW average of 8.14% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mayfield has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mayfield should be aiming for at least -4.45% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Mayfield, 2304 is in the Newcastle local government area.