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Fairfield West
AREA REPORTS

Fairfield West

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

house
unit

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 11.53% for the past year.

Investors saw the median home price rise to $803,000.

Profits due to an upward trend in home prices in the suburb averaged 2.03% per annum over a 3-year period.

FAIRFIELD WEST now ranks at the 507th 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 53.8 days.

In 2016, 126 properties were sold in FAIRFIELD WEST during the past year, making it the 1335th 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 $803,000 $520,000
GROWTH REPORT
Median Quarterly 6.5% 0%
Median 12 month 11.53% N/A
Median 3 years 6.08% -0.95%
Median 5 years 17.91% -4.54%
10 years average annual 7.37% 9.17%
Weekly media advert. rent $430 $420
Time on Market 53.8 days 0.0 days
Gross Rental Yield Percent 2.78% 4.2%
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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