Mayfield Real Estate
Mayfield is a northwestern suburb of Newcastle in New South Wales, Australia. It is 3.2 square kilometres in area. Its population was 9,070 people in 2011 which went up to 9,301 in 2016 at a growth rate of 2.5% in 5 years.
This suburb was named after Ada May, the daughter of a landowner. It was established in early 1880s. Mayfield today is what was the suburb of North Waratah earlier. It was originally a suburb outside Newcastle.
The suburb is liked by families for being clean and green, a sense of community, coffee shops, restaurants, shopping, transport and gyms. The suburb has really grown in the last few years. There are 12 public parks here.
It is a friendly neighbourhood with good options to buy, sell and rent homes.
Real Estate in Mayfield
Median selling price for houses here was $575,000 in September 2020. This is at an increase of 3.6% in the period September 2019 – September 2020 as compared to last year. Median selling price of homes in September 2019 was $500,000. Total annual sales of homes was 179 in period ending September 20.
The median rent for homes is $430 per week in September 20. Twenty three houses were listed for rent in the last month on the market.
Median selling price for units here is about $450,000 in September 2020. The increase in price was 1.35% in as compared to the price in the previous year. Total annual sales of units was 23 in the period ending September 20. Fourteen units were listed for rent in the last one month for a rent of $385 per week.
Two pieces of land were sold in the period September 19 - September 20. Their respective prices ranging from $200K - $400 K and $800K - $1M.
Mayfield is reasonable for property management as you can buy and sell homes and units currently.
Population in Mayfield
This suburb is home to more couples without children. There are 38% couples without children, 35% couples with children and 23% single-parent families.
There are 19% seniors above the age of 60 living here. Between the ages of 40 to 59 years are 26% people in this suburb. There are about 35% people in the younger age group of 20 – 39 years. 20% people are teens, children and babies in the age groups of 0-19 years.
The predominant age group of people here is in the 20-29 years age group. Couples without children are in the majority here. Mortgage repayments range from $1800 - $2399 per month. Most people here are professionals.
Income in Mayfield
Household income is up to $52,000 for about 39% households. The same is between $52,000 and $130,000 for another 38% households. The rest earn between $132,000 to $182,000.
Homes in Mayfield
23% homes are fully owned, 32% are purchasing homes and 42% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good 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 and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au