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Fairfield West
AREA REPORTS

Fairfield West

Fairfield West - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2165

house

FAIRFIELD WEST, 2165 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling FAIRFIELD WEST, 2165 values up and netting property investors a capital gain of 6.35% for the past year.

Investors saw the median home price rise to $754,000.

Profits due to an downward trend in home prices in the suburb averaged -0.26% per annum over a 3-year period.

FAIRFIELD WEST now ranks at the 497th 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $430 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 52.7 days.

In 2016, 87 properties were sold in FAIRFIELD WEST during the past year, making it the 75th most active market in NSW based on total real estate transactions.

Data report can be found below

Fairfield West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $754,000 N/A
GROWTH REPORT
Median Quarterly 2.59% N/A
Median 12 month 6.35% N/A
Median 3 years -0.79% N/A
Median 5 years 11.7% N/A
10 years average annual 7.06% N/A
Weekly media advert. rent $430 N/A
Time on Market 52.7 days N/A
Gross Rental Yield Percent 2.97% N/A
demographics (median values)*
Total Population
42444
Weekly Household Income
1077
Household Size
3.20
Age
36
Monthly Loan Repayment
1736
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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