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Mayfield, NSW 2304
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,050,000
market range $1M-$1.2M
Median Unit
$830,000
market range $775K-$950K
Gross Yield (houses)
3.5%
1yr Growth (houses)
+10.5%
market range +7.5% to +15.0%
Investment snapshot for Mayfield
Mayfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mayfield market and investor summary
Mayfield (NSW 2304) runs a median house price of $1.1M, with houses yielding a gross 3.5%. House prices have moved +10.5% over the past year and +27.7% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Mayfield: people, income and schools
Mayfield has a resident population of roughly 9,760, a number that has held fairly steady over five years. The median age is 36, broadly working-age, and families account for 58% of households.
Households here earn a median of about $81,000 a year, or roughly $1,570 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 12.9 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 51 schools within about 5km, testing close to the national school average on ICSEA. Some errands can be done on foot, though a car still helps; the suburb scores 58 for walkability and 62 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 9,760
- +3% over 5yr
- Median age
- 36 years
- Median household income
- $81,000/yr
- Households renting
- 43%
- Family households
- 58%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 51
- avg ICSEA 995
- Unemployment
- 6.5%
- Walk score
- 58/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mayfield
View all →Frequently asked questions about Mayfield
What should I check before investing in Mayfield?
Mayfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +10.5% in the past year shows strong recent price momentum. 3-year capital growth of +27.7% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mayfield?
The median property price in Mayfield, NSW 2304 is $1.1M for houses and $830K for units.
What rental yield does Mayfield show?
The gross rental yield in Mayfield is 3.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Mayfield?
House prices in Mayfield are up 10.5% over the past year and up 27.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mayfield?
The current vacancy rate in Mayfield is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mayfield?
Mayfield has a population of approximately 9,760 residents, with a median age of 36.
What schools are near Mayfield?
There are 51 schools within roughly 5km of Mayfield. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mayfield affordable to buy in?
A median house in Mayfield costs about 12.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mayfield's population growing?
The population of Mayfield has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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