Mayfield East Property Management
Mayfield East is one of the suburbs of Newcastle in New South Wales, Australia. It is situated 5 km. from the Central Business District (CBD). It has a population of around 1,692 as per 2016 census. Houses here take an average of 28 days before selling and units take 40 days to sell. Residents are close to art galleries, festivals, museums and theatre district. There are many beaches with water sports as well. There are good bus services to the CBD.
Real Estate in Mayfield East
Median selling price for houses in Mayfield East is $600,000. This is at a decline of -5.1% compared to previous year. Median selling price of homes in 2017-18 was $631,800. A total of 38 houses recorded sales were made in the period of Apr 2018 - Mar 2019.
Buying homes is a good investment here as property rates are at a low just now. The sale of homes here spikes in the months of January, March, July and October. Average rental for homes is $390 per week. Rentals are growing at 3.4% annually. Number of current home rentals is 46.
For units, median selling price is $508,000 which is at a growth of 13.4% as compared to last financial year. The average median price in the previous year was $448,000. There were 8 sales last year. Current median weekly rent is $355 at a growth of 3.6 % based on 10 rentals last year.
Mayfield East has good real estate investment opportunities, both purchases and rentals, that are perfect for property management.
Population in Mayfield East
Mayfield East has a mix of younger population and seniors. Families include 33% couples with children, 42% couples with no children, and 22% single-parent homes. In the age-wise population breakup, seniors above the age of 60 are about 350 people. Between 40 to 59 years, there are 425 people, and between 20 to 39 years there are around 625 people. Between 0 to 19 years, there are 300 babies, children and teens. Weekly household income is between $500 and $14999 per week for about 225 people. 100 people earn between $100 to $499 per week. The same is about $1500 per week for about 290 people. 37% of the suburb’s residents are employed in full-time work while 16% are part-time workers. 67% of them drive their car to work, 3% cycled to work, 2% took the bus and 4% worked from home. 32% of them are not in labour force accounting for the students and babies and 4% people are unemployed.
As far as homes are concerned, 23% homes are fully owned. 38% people are purchasing homes and 36% are renting accommodations. When we look at dwelling structures, 82% are separate houses, 4% are flats and 14% are semis/terraces. All stats are as per 2016.
If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au