Over the last year, property investments in Mayfield, 2304 have given investors a capital gain of 0.00%. This compares badly with the 8.02% for NSW as a whole.
While Mayfield,2304 ranked number 1346th in NSW for increase in median house value (annualised) increase, it is ranked 1105th over the last 5 years.
The most recent median price for Mayfield is $762500, with sellers offering an average of 0.00% off the asking price.
Mayfield, 2304’s gross rental yield is 0.00%
Mayfield has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.79% to date .
Taking the average capital gain, or increase in median house value, Mayfield,2304 has racked up an average of 7.79% over the period. This ranks it number 1668th in the whole country for real estate investors looking at median house price increases.
Mayfield, 2304 is offering NSW ‘s 342th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Mayfield is 98th on a list of best yielding suburbs for rents in NSW with a 5.54% return
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Information supplied by:
January 2019
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Convenience boosts unit values
Postcode: 2304
Median unit price: $451,250
Three-year growth: 18.8%
Rental yield: 4.4%
A north western suburb of Newcastle, Mayfield – which was initially named after Ada May, a daughter of local landowner John Scholey – is located around 6km from the centre of town. Property prices have increased on the back of a growing village atmosphere that has seen coffee shops, restaurants and shops proliferate.
With a train station, parks and shops and other amenities all located within a couple of minutes walking distance, and the beach around 15 minutes drive away, local residents have access to everything they need. Townhouses and units are affordably priced, with stock ranging from established, period-style townhomes through to more modern duplexes.
Landlords could expect a rental return of around $330-$350 per week for an older style apartment, through to $500-plus for more modern dwellings, so the opportunity for a strong return abounds.