Question 1

Is Mayfield a nice place to live?

Accepted Answer

Mayfield is a northern Launceston suburb with a practical, residential feel, where modest single-storey weatherboard and brick homes sit on quiet streets. On the urban fringe, many properties back onto pockets of bushland and local parks, giving a semi-rural touch while keeping shops, community facilities and sporting grounds within easy reach. It typically appeals to families, tradespeople and anyone after a low-maintenance home close to Launceston.

About 1,525 people live in Mayfield, with a median age of 34 and a typical household income of $886 a week. Family types are varied, with one-parent families the largest group at 38.2%, and 53.8% of dwellings are rented. Local amenities include the muylatina Child and Family Learning Centre for early-years programs and family support. The suburb is the focus of the City of Launceston’s urban greening plan, Torrens Street Park has been upgraded with native plantings, nearly 60 mature native trees and about 2,000 understory plants, and the nearby Northern Suburbs Community Recreation Hub serves the area with a further expansion planned.

Question 2

Is it expensive to live in Mayfield?

Accepted Answer

In Mayfield, TAS, an average house rent of $450 a week would take about 50.8% of a typical local household's weekly income as recorded at the most recent Census. On these figures, renting a house would use a large share of a typical local household's income, so if you're renting rather than buying that rent share is the figure most relevant to you.

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

Question 3

Is Mayfield a good place to invest?

Accepted Answer

House values in Mayfield climbed 31.0% over the past 12 months, a strong rise in what houses are worth. Over the same period house rents increased 12.5%, also a strong rise in rental income. Taken together, capital growth outpaced rent growth this year, so the price uplift was larger than the change in rental income. Whether that balance fits your investment goals and circumstances is for you to judge.

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.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	31.0%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	22	N/A
Average rent Past 12 months	$450	N/A
Change in rent Past 12 months	12.5%	N/A

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