Mayfield has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.69% to date .
A 62.31% growth in median value for property investors in Mayfield,2304 puts this suburb at number 310th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Mayfield is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 1057th in terms of most discounted suburbs in NSW
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 7.78%.
With a capital gain of 20.55% for the last 12 months, Mayfield, 2304 has performed for property investments than its average annual 5.25% property growth over the last 5 years.
Mayfield,2304 has offered an average of 20.55% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Mayfield itself are offering an average vendor discount of -2.49% to real estate investors.
At number 51 in a list of fastest selling suburbs, Mayfield is in the TOP 10% of suburbs in Australia with an average of days on market 29.38 for properties listed there.
Mayfield is 244th on a list of best yielding suburbs for rents in NSW with a 4.14% return