Get a property report and suburb profile for any property in Mayfield

Mayfield is an established inner suburb of Newcastle with a practical, working-class character and tree-lined streets. The housing mix of weatherboard and brick workers' cottages, federation houses and pockets of light industry sits alongside more recent infill apartments, and residents range from long-term locals to younger buyers and families who use nearby cafés, pubs, neighbourhood shops, parks and sporting fields. Public transport and road links make the city and the Hunter River foreshore readily accessible, so Mayfield suits people after an inner-city base that still feels like a neighbourhood.

The suburb is home to 9,760 people with a median age of 36 and a median household income of $1,566 a week. Homes are more often owner-occupied (about 58%) than rented (about 42%). Several large public and industrial projects are shaping the area, including port-related planning and an existing cargo storage facility, remediation of the former Intertrade/BHP site, a social and affordable housing project delivering 36 homes, additional specialist disability accommodation, and council renewal planning that flags redevelopment at the Aldi site and a civic forecourt for the Mayfield library.

A house in Mayfield has a current median price of $1,027,000, which is about 12.6 times a typical local annual household income at the last Census. Rents are also sizeable: $700 a week for a house is about 44.7% of a typical local household's weekly income at the last Census, and $520 a week for a unit is about 33.2%.

On these figures, buying sits well above local incomes at the last Census, and renting, especially a unit, looks the more manageable of the two.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Mayfield climbed 19.6% over the past year, a strong rise, while house values also increased 11.3%, another strong gain. On the rental side, unit rents rose 7.2% (a solid gain) and house rents increased 4.5% (a modest rise).

Taken together, the figures show capital growth outpaced rental income for both houses and units over the last 12 months, and units were the stronger performer for both price and rent growth. If rental income is your priority, unit rents grew faster; if capital growth matters more, both property types recorded larger value increases than rent increases. Whether that balance suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.