Suburb Profile Report for Mayfield NSW (2304)

Mayfield House: Median price $570,000, Annual capital growth 8.06%, Number of sales 205, Weekly median advertised rent $420

Mayfield Unit: Median price $464,500, Annual capital growth 7.12%, Number of sales 38, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Mayfield is in the TOP 30% in NSW when comparing median price capital growth over the last year. Mayfield gave property investors a good capital gain figure when compared to the rest of the state, with 17.53%.

When looking at the potential capital gains offered to property investors over the last 3 years, Mayfield comes in at number 455th in NSW.

The most recent median price for Mayfield is $570000, with sellers offering an average of -2.76% off the asking price.

Advertised rents are around the $420 mark per week – giving a return of 3.83% based on the median price in Suburb

With a capital gain of 26.91% for the last 12 months, Mayfield, 2304 has performed for property investments than its average annual 7.12% property growth over the last 5 years.

Over the longer term, Mayfield has seen property prices show investors a 41.83% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Mayfield is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 425th in terms of most discounted suburbs in NSW

Situated 87.21km from the CBD, Mayfield is one of Newcastle localities in the postcode 2304.

Metrics i HOUSE UNIT
$570,000 $464,500
5.56% 5.57%
17.53% 26.91%
8.06% 7.12%
$420 $350
205 38
3.83% 3.92%
28.07 19.77

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 9070
Median household income ($/weekly) 979
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 826 9.1
    25-34 years 1583 17.5
    35-44 years 1292 14.2
    45-54 years 1254 13.8
    55-64 years 974 10.7
    Others 3141 34.6
    Age Group
    Census Count Percent(%)
    Not Married 3486 52.3
    Registered Married 2226 33.4
    Defacto Relationship 951 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7249 85.4
    Papua New Guinea 151 1.8
    Philippines 71 0.8
    United Kingdom 236 2.8
    Other 273 3.2
    Others 507 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 141 1.7
    Christianity 5681 69.3
    Islam 79 1.0
    Other Religious Groups 55 0.7
    No Religion 2188 26.7
    Others 54 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 384 11.4
    $400-$599 385 11.4
    $600-$799 372 11.0
    $1,000-$1,249 331 9.8
    $1,500-$1,999 450 13.3
    Others 1459 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2708 37.7
    Employed, worked full-time 2542 35.4
    Employed, worked part-time 1327 18.5
    Unemployed, looking for work 358 5.0
    Employed, away from work 254 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 900 21.8
    Technicians & trades workers 596 14.5
    Community & personal service workers 468 11.4
    Clerical & administrative workers 556 13.5
    Labourers 487 11.8
    Others 1114 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 146 7.4
    Infants/Primary 551 28.1
    Secondary 367 18.7
    Technical or Further Educational Institution 294 15.0
    University or other Tertiary Institutions 548 27.9
    Others 56 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7033 86.2
    Semi-detached, row or terrace house, townhouse 628 7.7
    Flat, unit or apartment 457 5.6
    House or flat attached to a shop, office 35 0.4
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1435 39.5
    Being purchased 1251 34.5
    Fully owned 921 25.4
    Other tenure type 22 0.6
    Tenure Type
Census 2011, ABS
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