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%
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Houses are strong in Newcastle
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.