Garden Island vs Mayfield
Property investment comparison - Garden Island, TAS 7112 vs Mayfield, TAS 7248
Head-to-head across core investment metrics: Garden Island wins 2, Mayfield wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Garden Island | Mayfield |
|---|---|---|
| Median house price | $500K | $490K |
| Median unit price | $435K | - |
| Gross rental yield (houses) | 6.06% | 5.00% |
| Gross rental yield (units) | 6.38% | 4.91% |
| 1-year house growth | - | - |
| 3-year house growth | - | - |
| Vacancy rate | 8.1% | 2.0% |
| Population | 0 | 1,525 |
Garden Island vs Mayfield: what the numbers say
The median house price is $500K in Garden Island and $490K in Mayfield, so Mayfield is the cheaper entry point, with Garden Island houses about 2% dearer.
On cash flow, Garden Island leads: houses there return a gross rental yield of 6.06%, compared with 5.00% in Mayfield, a gap of 1.06 percentage points.
Rental vacancy is 2.0% in Mayfield and 8.1% in Garden Island, so landlords in Mayfield face less competition for tenants.
In short: Garden Island for rental income, Mayfield for a lower purchase price, Mayfield for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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