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Fairfield

Suburb Profile

Fairfield - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3078

house
unit
FAIRFIELD ranks 660th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -7.73% for the past year is lower than average compared to its 26.58% growth within a five-year period.

Also in FAIRFIELD, the median home price is sitting at $1,200,000, and the average rent at $620, this suggests property owners could potentially earn a 2.69% increase in gross rental yield.

Property investors have seen a -3.61% drop in FAIRFIELD based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.59% growth over a ten-year period. It ranks 851st on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,200,000 $640,000
GROWTH REPORT
Median Quarterly -3.61% 2.4%
Median 12 month -7.73% 33.47%
Median 3 years -2.24% 11.3%
Median 5 years 26.58% 23.08%
10 years average annual 6.59% 6.27%
Weekly media advert. rent $620 $375
Time on Market 87.4 days 52.3 days
Gross Rental Yield Percent 2.69% 3.05%
demographics (median values)
Total Population
4919
Weekly Household Income
1037
Household Size
2.20
demographics
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