Mayfield East, 2304 ranked 1024th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mayfield East is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Mayfield East comes in at number 142th in NSW.
Vendor discounting in Mayfield East is giving property investors an average Vendor Discount of around -8.12%. This puts suburb at number 272th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $450 mark per week – giving a return of 4.12% based on the median price in Suburb
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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.