Tenants get more power in NSW after new legislation passes
Amendments to current rental legislation aimed to give tenants more power have passed the NSW Parliament without any changes. What does thi...
Property investors enjoyed capital gains of 4.19% over the last 12 months in FAIRFIELD, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.48% growth over a ten-year period. It ranks 30th on our list of suburbs that property investors should look into.
FAIRFIELD, 2165 has a capital gain of 4.19% for the past year, which is lower than average compared to its 65.63% growth within a five-year period.
With the median home price in FAIRFIELD sitting at $795,000, and the average rent at $480, property owners could potentially earn a 3.14% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FAIRFIELD are low, as opposed to average gains per annum over the past five years.
FAIRFIELD, 2165 in NSW belongs to the local government area of Fairfield.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $795,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.45% | 0.01% |
| Median 12 month | 4.19% | -2.33% |
| Median 3 years | 13.57% | 8.81% |
| Median 5 years | 65.63% | 47.37% |
| 10 years average annual | 9.48% | 8.16% |
| Weekly media advert. rent | $480 | $390 |
| Time on Market | 85.3 days | 67.6 days |
| Gross Rental Yield Percent | 3.14% | 4.83% |
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