Today we will take a look at NSW, and the suburb of Mayfield in the Newcastle area. We will get back to the great suburbs of VIC shortly but thought we'd mix it up briefly by taking a quick look at Newcastle.
With a thriving community and offering an attractive lifestyle in a convenient location with good schools and facilities, Mayfield is located near Newcastle CBD and is attracting property growth based on interest from both regular home buyers and property investors. Maybe one of the things worth keeping in mind is the significant growth already achieved in Mayfield in recent years, however that doesn't necessarily make it a bad long term investment.
We've summarised key suburb analytics for Mayfield below for your consideration. Want these great suburb analysis tools at your fingertips for over 15,000 suburbs in Australia? Register to our Professional plan now here for $49 per month - https://www.propertydirector.com.au/choose-plan.
Median Price / Capital Growth - $995,000, has seen 8.34% annual compound growth in the last 10 years.
Rental Yield - 3.56%
Population - 9,753
Vacancy Rate - 0.85%
Vendor Discount Rate - -11.24%
