Ida Bay vs Mayfield
Property investment comparison - Ida Bay, TAS 7109 vs Mayfield, TAS 7248
Head-to-head across core investment metrics: Ida Bay wins 2, Mayfield wins 1. 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 | Ida Bay | Mayfield |
|---|---|---|
| Median house price | $500K | $490K |
| Median unit price | - | - |
| Gross rental yield (houses) | 5.96% | 5.00% |
| Gross rental yield (units) | - | 4.91% |
| 1-year house growth | - | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.3% | 2.0% |
| Population | 14 | 1,525 |
Ida Bay vs Mayfield: what the numbers say
The median house price is $500K in Ida Bay and $490K in Mayfield, so Mayfield is the cheaper entry point, with Ida Bay houses about 2% dearer.
On cash flow, Ida Bay leads: houses there return a gross rental yield of 5.96%, compared with 5.00% in Mayfield, a gap of 0.96 percentage points.
Rental vacancy is 0.3% in Ida Bay and 2.0% in Mayfield, so landlords in Ida Bay 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 1,525 against 14, roughly 109 times the size of Ida Bay; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ida Bay for rental income, Mayfield for a lower purchase price, Ida Bay 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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