Mayfield West is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,993, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mayfield West is $1.0 million, having increased 4.9% over the past year. Units have a median price of $410,000 (-32.2% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,844.
Public transport access includes 1 rail station, 112 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Mayfield West offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +4.9% year-on-year.
Mayfield West is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,993, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mayfield West is $1.0 million, having increased 4.9% over the past year. Units have a median price of $410,000 (-32.2% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,844.
Public transport access includes 1 rail station, 112 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Mayfield West offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +4.9% year-on-year.