The rental market in Mayfield (2304) reflects both the suburb's desirability to tenants and the supply of investment properties in the area. Median weekly rent, gross rental yield, and vacancy rate are the three headline signals shown on this page. Data is sourced from NSW Government property records and updated regularly. Mayfield is part of the Newcastle local government area.
Can I afford Mayfield?
Rental market in Mayfield
Median weekly rent from lodged bonds. Sep 2025. Bond count suppressed by DCJ (30 or fewer lodgements this quarter).
Rents here sit around the Sydney middle. A balance of rental stock and owner-occupier demand.
Median weekly rent · Unit · 2 bed
Small sample
$525per week
Sep 2025 · bond count suppressed
Quarterly trend · last 12 quarters
Nearby suburbs · same combination
Hamilton2303
…
3.8 km away
Newcastle West2302
…
4.4 km away
Newcastle2300
…
5.8 km away
Merewether2291
…
6.0 km away
NSW DCJ Rental Bond Board↗ · Sep 2025 · CC BY. Cells with 10 or fewer bond lodgements are suppressed; cells with 30 or fewer have the bond count suppressed but rent published. Figures are transacted rents, not asking rents.
Rental yield in Sydney's established suburbs tends to run below the broader market because capital growth expectations are already priced into sale prices. If Mayfield shows a gross yield meaningfully above 4%, it is worth checking whether that reflects genuine demand or a subdued sale price (which can itself be a signal of weaker capital growth prospects). Strong yield and strong capital growth in the same suburb is uncommon but does occur in transition areas.
