Qld property owners urged to act now on smoke alarm compliance
Property owners in Queensland strata schemes have been advised to ensure their units are compliant with the state government’s smoke alarm...
FAIRFIELD WEST, 2165 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $730,000.
Profits due to an upward trend in home prices in the suburb averaged 2.19% per annum over a 3-year period.
FAIRFIELD WEST now ranks at the 953rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in FAIRFIELD WEST are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $470 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FAIRFIELD WEST, homes and units usually stay on listing for an average of 69.2 days.
In 2016, 121 properties were sold in FAIRFIELD WEST during the past year, making it the 1329th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.31% | N/A |
| Median 12 month | -4.07% | N/A |
| Median 3 years | 6.57% | N/A |
| Median 5 years | 51.77% | N/A |
| 10 years average annual | 8.85% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 69.2 days | N/A |
| Gross Rental Yield Percent | 3.35% | N/A |
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