Mayfield has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.68% to date .
The five-year average increase in median property values for Mayfield,2304 has given property investors a potential capital gain of 68.54% across each of those five years.
Sellers are offering property buyers an average discount of -3.88% to buyers in Mayfield at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 8.22%, investors should hope to achieve an overall return of 3.73%
Giving property investors a a stable capital gain of 5.98% for the last year, Mayfield, 2304 is the 615th highest performer in Australia in this respect.
Mayfield,2304 was ranked 995 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.96% offered to property buyers. Sellers in Mayfield itself are offering an average vendor discount of -3.21% to real estate investors.
Situated 86.69km from the CBD, Mayfield is one of Newcastle localities in the postcode 2304.