Suburb Profile Report for Mayfield NSW (2304)

Mayfield House: Median price $470,000, Annual capital growth 6.29%, Number of sales 213, Weekly median advertised rent $390

Mayfield Unit: Median price $365,000, Annual capital growth 3.92%, Number of sales 24, 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

Property value increases in Mayfield have tracked just higher than the NSW average of 7.93% over the last 12 months.

While Mayfield,2304 ranked number 250th in NSW for increase in median house value (annualised) increase, it is ranked 678th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.55% offered to property buyers. Sellers in Mayfield itself are offering an average vendor discount of -5.04% to real estate investors.

Often selling an investment property can take time, and in Mayfield the average time real estate has been on the market is 46.31 days.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.29%, investors should hope to achieve an overall return of 4.31%

Investment property in Mayfield has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.95%

While Mayfield,2304 ranked number 109th in NSW for increase in median house value (annualised) increase, it is ranked 335th over the last 5 years.

Property buyers and investors in Mayfield 2304 should be seeing an average reduction in asking price of around -5.33% . This means that Mayfield is holding prices well when compared to other suburbs in NSW.

HOUSE UNIT
$470,000 $365,000
4.44% 3.69%
13.25% -3.95%
6.29% 3.92%
$390 $350
213 24
4.31% 4.99%
46.31 79.61

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Mayfield NSW
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
Chart Table
Recent sales & rentals