Mayfield Suburb Profile
Mayfield is a vibrant suburb located approximately 5 kilometres west of Newcastle's central business district (CBD). Steeped in history and buzzing with a modern community vibe, Mayfield seamlessly blends old-world charm with contemporary living. With its tree-lined streets, character homes, and growing café culture, this vibrant pocket of Newcastle has become a sought-after destination for families, professionals, and savvy investors alike.
Mayfield has been a highly sought after suburb in recent times for its relative affordability & accessibility to the Newcastle CBD & beaches. Last year, Mayfield was the most desired suburb amongst our clients, making its way into over 30% of our owner occupier & investor briefs. With future infrastructure developments planned for the Maitland Rd & Hanbury St precincts, it’s no surprise it’s so desirable.
Property Market Overview
Median Sale Price: $885,000
Median Advertised Weekly Rent: $630
Rental Yield: 4% for houses
5-Year Price Growth: Up 56.8%
Past 12 month growth: Up 9.3%
Time to Double Median Sale Price: Approximately 9 years
Future Growth Prospects
Mayfield's consistent property price increases highlight its strong demand and solid investment appeal. Over the past 5 years, property prices have risen by 56.8%, and with projections indicating it takes approximately 9 years for median sale prices to double, the suburb remains an excellent long-term investment.
Schools
Mayfield hosts several educational facilities catering to diverse needs:
Mayfield East Public School
Callaghan College Waratah Campus
Callaghan College Jesmond Senior Campus
St Columbans Mayfield
San Clemente High School
Proximity to CBD and Beaches
Distance to Newcastle CBD: 5 kilometres
Nearest Beach: Nobbys Beach, approximately 9 kilometres away
Local Dining and Entertainment
Mayfield is home to an array of cafes, bars, and restaurants, including:
Perry The Feeder – The best toasties in town
Papa Al’s Café & Restaurant – must have breakfast here
Equium Social – Trendy café serving specialty coffee
Stag & Hunter Hotel – Local pub with a vibe
Ruan Kao Thai – Authentic Thai cuisine
Public Spaces and Recreation
Dangar Park – Playgrounds and sports facilities
Webb Park – Open space & a playground, ideal for families and picnics
Mayfield Pool – A community swimming hub for all ages
Conclusion
Mayfield is a suburb on the rise, offering the perfect balance of convenience, community, and opportunity. Its strong price growth, solid rental returns, and prime location just minutes from the CBD make it an ideal choice for investors. With a thriving café scene, excellent schools, and beautiful green spaces, Mayfield delivers a relaxed yet dynamic lifestyle that continues to attract new residents.
Whether you're looking for your next home or investment, Mayfield continues to stand out as a desirable and thriving Newcastle suburb.
Property statistics are based on current data available as at December 2024 and may be subject to changes.