With a capital gain of 12.96% for the last 12 months, Mayfield, 2304 has performed for property investments than its average annual 8.22% property growth over the last 5 years.
A 70.75% growth in median value for property investors in Mayfield,2304 puts this suburb at number 383th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Mayfield should be aiming for at least -4.01% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $425 mark per week – giving a return of 3.62% based on the median price in Suburb
Property value increases in Mayfield have tracked close to the NSW average of 1.69% over the last 12 months.
Across a shorter period, Mayfield, 2304 has seen a median price increase of -3.68% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.18% offered to property buyers. Sellers in Mayfield itself are offering an average vendor discount of -3.05% to real estate investors.