Suburb Profile Report for Mayfield West NSW (2304)

Mayfield West House: Median price $530,000, Annual capital growth 6.63%, Number of sales 23, Weekly median advertised rent $430

Mayfield West Unit: Median price $295,000, Annual capital growth -17.75%, Number of sales 13, Weekly median advertised rent $340

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

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

  • House Report
  • Unit Report

At number 2953th in the list of Australian suburbs ordered by increase in median house value over the last year, Mayfield West, 2304 is in the BOTTOM 30% with a property value increase of -7.02% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mayfield West has increased when compared to the 5 year average annual rate.

Mayfield West, 2304 is offering NSW ‘s 170th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

Situated 118.97km from the CBD, Mayfield West is one of Newcastle (C) localities in the postcode 2304.

Investment property in Mayfield West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.10%

If we look at median property appreciation over just the last three months, Mayfield West has given property investors a paper return of 42.17%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in NSW

Metrics i HOUSE UNIT
$530,000 $295,000
-7.83% 42.17%
-7.02% 16.10%
6.63% -17.75%
$430 $340
23 13
4.27% 5.99%
64.9444444444444 N/A

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

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 1770
Median household income ($/weekly) 944
Median age of persons 36
Median housing loan repayment ($/monthly) 1647
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 175 9.9
    25-34 years 286 16.1
    35-44 years 241 13.6
    45-54 years 213 12.0
    55-64 years 182 10.3
    Others 675 38.1
    Age Group
    Census Count Percent(%)
    Not Married 617 48.4
    Registered Married 485 38.1
    Defacto Relationship 172 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1441 89.3
    Greece 12 0.7
    Papua New Guinea 19 1.2
    United Kingdom 31 1.9
    Other 29 1.8
    Others 81 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.6
    Christianity 1131 72.9
    Islam 9 0.6
    Other Religious Groups 14 0.9
    No Religion 379 24.4
    Others 9 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 75 11.9
    $400-$599 74 11.7
    $600-$799 69 10.9
    $800-$999 68 10.8
    $1,500-$1,999 79 12.5
    Others 266 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 516 39.1
    Employed, worked full-time 453 34.3
    Employed, worked part-time 238 18.0
    Unemployed, looking for work 60 4.5
    Employed, away from work 53 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 157 21.2
    Technicians & trades workers 126 17.0
    Community & personal service workers 74 10.0
    Clerical & administrative workers 94 12.7
    Labourers 93 12.6
    Others 196 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 34 9.0
    Infants/Primary 110 29.1
    Secondary 79 20.9
    Technical or Further Educational Institution 51 13.5
    University or other Tertiary Institutions 93 24.6
    Others 11 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1436 88.4
    Flat, unit or apartment 170 10.5
    Semi-detached, row or terrace house, townhouse 12 0.7
    House or flat attached to a shop, office 6 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 229 34.4
    Being purchased 225 33.8
    Fully owned 209 31.4
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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