Property value increases in Mayfield West have tracked lower than the NSW average of 1.14% over the last 12 months.
Mayfield West,2304 was ranked 3874 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mayfield West, 2304. Typically our figures indicate that -9.37% is being offered, which puts this NSW suburb at 258th most discounted overall in Australia.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Mayfield West is 284th on a list of best yielding suburbs for rents in NSW with a 4.51% return
At number 1271th in the list of Australian suburbs ordered by increase in median house value over the last year, Mayfield West, 2304 is in the BOTTOM 20% with a property value increase of -8.36% recorded in median house prices.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of -26.96%, investors should hope to achieve an overall return of 6.99%