Mayfield West Property Management
Mayfield West is a suburb of Newcastle in New South Wales, Australia. It is situated 8 km. from the Central Business District (CBD). It has a population of around 1,895 as per 2016 census. Here houses take an average of 42 days to sell on and the same for units is 70 days. Residents are close to pubs, coffee shops and restaurants. There are many bowling alleys and beaches with water at a short distance. Mayfield West Public School and Hunter Christian School are located here. There are good bus services to the CBD.
Real Estate in Mayfield West
Median selling price for houses in Mayfield West is $535,000. This is at a decline of -6.7% compared to last year. Median selling price of homes in 2017-18 was $573,500. A total of 22 recorded house 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 June and November. Average rental for homes is $390 per week. Rentals are growing at 3.8% annually. Number of current home rentals is 56. For units, median selling price is $207,500 which is at a decline of -30.4% as compared to last financial year. The average median price in the previous year was $314,600. There were 30 sales last year. Current median weekly rent is $280 at a growth of 7 % based on 21 rentals last year. Mayfield West has good real estate investment opportunities, especially since both homes are units are at low prices that are perfect for property management.
Population in Mayfield West
Mayfield West has a mix of young and old. Families include 38% couples with no kids, 38% couples with no children, and 21% single-parent homes. In the age-wise population breakup, seniors above the age of 60 are about 250 people. Between 40 to 59 years, there are 500 people, and between 20 to 39 years there are around 625 people. Between 0 to 19 years, there are 425 babies, children and teens. Weekly household income is between $500 and $1499 per week for about 280 people. 140 people earn between $100 to $499 per week. The same is about $1500 per week for about 300 people. 32% 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, 4% walked to work and 5% worked from home. 36% of them are not in labour force accounting for the students and babies and 4% people are unemployed. As far as homes are concerned, 25% homes are fully owned. 33% people are purchasing homes and 40% are renting accommodations. When we look at dwelling structures, 78% are separate houses, 7% are flats and 15% 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 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