Cardiff Heights vs Mayfield

Houses cost about the same in both suburbs: the median house price is $1.1M in Cardiff Heights and $1.1M in Mayfield.

For units, Cardiff Heights sits at a median of $495K against $830K in Mayfield, which makes Cardiff Heights the more affordable unit market and Mayfield the pricier one.

On cash flow, Mayfield leads: houses there return a gross rental yield of 3.47%, compared with 3.22% in Cardiff Heights, a gap of 0.25 percentage points.

Over the past year house prices moved +16.4% in Cardiff Heights (an estimate) and +10.5% in Mayfield, so recent momentum favours Cardiff Heights, although both suburbs recorded growth.

Rental vacancy is 1.1% in Mayfield and 1.2% in Cardiff Heights, so landlords in Mayfield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mayfield is the bigger suburb, with a population of 9,760 against 1,384, roughly 7 times the size of Cardiff Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mayfield for rental income, Cardiff Heights for recent price momentum, Mayfield for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.