Suburb Profile Report for Mayfield NSW (2304)

Mayfield House: Median price $610,000, Annual capital growth 8.22%, Number of sales 200, Weekly median advertised rent $425

Mayfield Unit: Median price $451,250, Annual capital growth 7.26%, Number of sales 35, Weekly median advertised rent $378

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

Metrics i HOUSE UNIT
$610,000 $451,250
1.67% -3.68%
12.96% 2.56%
8.22% 7.26%
$425 $378
200 35
3.62% 4.35%
30.41 25.18

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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