Suburb Profile Report for Mayfield East NSW (2304)

Mayfield East House: Median price $595,000, Annual capital growth 7.95%, Number of sales 37, Weekly median advertised rent $430

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Giving property investors a an unimpressive capital gain of -5.56% for the last year, Mayfield East, 2304 is the 2735th highest performer in Australia in this respect.

A 52.86% growth in median value for property investors in Mayfield East,2304 puts this suburb at number 755th in terms of best performing suburbs in NSW

Mayfield East, 2304 is offering NSW ‘s 221th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

With the median price for a house in Mayfield East being $595000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.76%

Information supplied by:


May 2018

M
O

W
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Houses are strong in Newcastle

Postcode: 2304

Median house price: $593,260

Three-year growth: 43.0%

Rental yield: 3.5%

One of the top-growing suburbs in NSW, Mayfield East enjoys strong growth in its housing market.

The suburb recorded almost 30% growth in the period of February 2017-2018, with houses spending only 33 days on the market on average. This positive trend has been observed since 2013, indicating the suburb’s significant potential.

Mayfield East is located just 5km from the Newcastle CBD. Thus, residents are near amenities like the theatre district, museums, art galleries, historic architecture, festivals and public transportation. The University of Newcastle, Newcastle Grammar School and St Philip’s Christian College are situated nearby as well, along with many beaches that facilitate water sports like kitesurfing.

Bus services from Maitland Road bring commuters to the CBD.

Metrics i HOUSE UNIT
$595,000 N/A
-2.06% N/A
-5.56% N/A
7.95% N/A
$430 N/A
37 N/A
3.76% N/A
65.76 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1709
Median household income ($/weekly) 1069
Median age of persons 36
Median housing loan repayment ($/monthly) 1690
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 164 9.6
    25-34 years 308 18.0
    35-44 years 258 15.1
    45-54 years 202 11.8
    55-64 years 172 10.1
    Others 606 35.4
    Age Group
    Census Count Percent(%)
    Not Married 646 52.6
    Registered Married 401 32.6
    Defacto Relationship 182 14.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1388 86.6
    Japan 14 0.9
    Papua New Guinea 23 1.4
    United Kingdom 29 1.8
    Other 48 3.0
    Others 101 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.9
    Christianity 1005 64.8
    Islam 16 1.0
    Other Religious Groups 13 0.8
    No Religion 495 31.9
    Others 7 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 76 11.9
    $600-$799 62 9.7
    $1,000-$1,249 75 11.8
    $1,500-$1,999 78 12.3
    $2,000-$2,499 63 9.9
    Others 282 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 527 39.7
    Not in the labour force 458 34.5
    Employed, worked part-time 230 17.3
    Unemployed, looking for work 61 4.6
    Employed, away from work 51 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 194 24.0
    Technicians & trades workers 117 14.4
    Clerical & administrative workers 109 13.5
    Sales 89 11.0
    Labourers 84 10.4
    Others 217 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 24 6.1
    Infants/Primary 114 29.2
    Secondary 67 17.1
    Technical or Further Educational Institution 60 15.3
    University or other Tertiary Institutions 112 28.6
    Others 14 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1380 89.8
    Flat, unit or apartment 106 6.9
    Semi-detached, row or terrace house, townhouse 51 3.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 253 37.8
    Rented 242 36.2
    Fully owned 171 25.6
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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