Mayfield, NSW 2304
Newcastle City CouncilAll suburbs in postcode 2304
Updated
Median house price
$1,003,500
+11.5% over the past year.
Median of 182 house sales · NSW Valuer General · calendar 2025
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Mayfield at a glance
- Median unit
- $297,360
- Weekly rent
- $700
- Houses · units $460
Prices: Median of 182 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2304), June 2026
House prices in Mayfield
Houses change hands at $1,003,500 on a typical sale, in line with the NSW median (182 house sales, NSW Valuer General, calendar 2025). Units come in around $297,360, roughly 70% below the house median. The last 12 months delivered strong growth (+11.5%), well clear of the long-run average for the state.
For sellers
Twelve-month growth is +11.5%, supporting confident pricing at the upper end of recent comparables.
For buyers
A 20% deposit on the median house works out to roughly $201,000. Prices are in line with the NSW median, so the broader state lending settings apply.
Rental data as of June 2026· NSW rental bond data (postcode 2304)
Free appraisal in Mayfield
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What to know about Mayfield
Mayfield (2304) sits in the Newcastle region of NSW. The median house here is $1,003,500, in line with the NSW median of around $1.10M. Prices have moved +11.5% over the past year, well clear of the NSW average (3%).
Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Mayfield scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 28°C (warm), winter mornings around 8°C (cool). Annual rainfall lands at about 1,078 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 2 government secondary, 5 Catholic, 4 independent.
Schools in Mayfield
Location
Walkability
- Walk
- 100/100
- Transit
- 0/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
Investment overview
Gross rental yield on houses sits at 3.63% (median rent $700/wk against a $1,003,500 price tag). Units yield 8.04% gross, often the better cash-flow play for first-time investors. The 12-month growth of +11.5% adds a capital-growth case on top of the yield.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 3.63%
- On the $1,003,500 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 8.04%
- On the $297,360 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- +11.5%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Weather year-round
- Annual rainfall
- 1,078 mm
- Hottest month, avg max
- 28.1°C
- Coldest month, avg min
- 8.0°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Mayfield
- What is the median house price in Mayfield?
- The median house price in Mayfield, NSW 2304 is $1,003,500 (median of 182 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $297,360. Annual growth is +11.5%.
- How much is my house worth in Mayfield?
- A useful starting point is the Mayfield median house price of $1,003,500 (units $297,360). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Mayfield a good investment?
- On the published figures, the gross rental yield on houses in Mayfield is 3.6%: the median weekly house rent is $700 (NSW rental bond data (postcode 2304), June 2026) against the median house price of $1,003,500 (NSW Valuer General, calendar 2025). The median house price rose 11.5% over 12 months on the same NSW Valuer General figures. Whether Mayfield is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Mayfield postcode?
- Mayfield is in the 2304 postcode, in NSW, in the Newcastle City Council region.
- Where is Mayfield?
- Mayfield is a suburb in the Newcastle City Council area, NSW 2304.
- What is the average rent in Mayfield?
- The median weekly rent for houses is $700, for units it's $460.
- What schools are in Mayfield?
- There are 20 schools serving Mayfield on this page, including St Columban's Primary School, San Clemente Catholic College, St Dominic's Catholic College.
- How walkable is Mayfield?
- Mayfield has a Walk Score of 100 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Mayfield?
- Mayfield is close to Mayfield North, Mayfield East, Mayfield West, Georgetown, Waratah.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.