Mayfield Property Management
Mayfield is one of the older suburbs of Newcastle in New South Wales, Australia. It has a population of around 9,314 as per 2016 census. The suburb was named after Ada May (born 1874) a daughter of the landowner there. The area encompasses Mayfield and Mayfield West, North and East.
In the 1880s, rich Novocastrians settled here living in villas. Workers from the steelworks and other industries also made this their home. But pollution from the industries saw the rich leave the area.
Today, Mayfield is a booming suburb. Home prices are on the rise and yet reasonably affordable here. Waratah train station, pubs, cafes, gym, parks and shops all pretty closeby. The beach is a 15-minute drive away.
Mayfield area has many parks and reserves like Stevenson Park, Dangar Park and Litchfield Park. There are many sporting facilities here.
Schools include Mayfield East Public School, Mayfield West Primary, Hunter Christian School, San Clemente High and St. Columban’s Primary.
There are good and regular bus services to the CBD from here.
Real Estate in Mayfield
Median selling price for houses in Mayfield is $566,250. This is at a decline of -6.4% compared to previous year. Median selling price of homes in 2017-18 was $605,000. A total of 166 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 March, July, September and November. Average rental for homes is $385 per week. Rentals are growing at 3.5% annually. Number of current home rentals is 289.
For units, median selling price is $425,000 which is at a dip of -12.4% as compared to last financial year. The average median price in the previous year was $485,000. There were 80 sales last year. Current median weekly rent is $280 at a growth of 3.4 % based on 140 rentals last year.
Mayfield has good real estate investment opportunities, both purchases and rentals, that are perfect for property management.
Population in Mayfield
Mayfield has a mix of young and old population. Families include 34% couples with children, 40% couples with no children, and 23% single-parent homes.
In the age-wise population breakup, seniors above the age of 60 are about 1800 people. Between 40 to 59 years, there are 2400 people, and between 20 to 39 years there are around 3000 people. Between 0 to 19 years, there are 1800 babies, children and teens.
Weekly household income is up to $599 per week for about 1000 people. The same is between $700 to $1499 per week for about 1300 people. About 900 people earn between $1500 to $2999 per week. 200 people earn above $3000 per week. A few of them have not stated their weekly income.
33% of the suburb’s residents are employed in full-time work while 17% are part-time workers. 69% of them drive their car to work, 3% take the bus and 4% walked to work. 36% of them are not in labour force accounting for the students and babies and 5% people are unemployed.
As far as homes are concerned, 25% homes are fully owned. 34% people are purchasing homes, 9% are privately rented, 6% are in public housing and 22% are renting accommodations. When we look at dwelling structures, 81% are separate houses, 8% are flats and 10% are semis/terraces. All stats are as per 2011.
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 deals in this area, do contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle.
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