Mayfield East is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,794, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mayfield East is $1.3 million, having surged 10.4% over the past year. Units have a median price of $805,000 (-13.4% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Mayfield East is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Mayfield East offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.5x is considered stretched. House prices have moved +10.4% year-on-year.
Mayfield East is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,794, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mayfield East is $1.3 million, having surged 10.4% over the past year. Units have a median price of $805,000 (-13.4% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Mayfield East is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Mayfield East offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.5x is considered stretched. House prices have moved +10.4% year-on-year.