Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
The suburb’s capital gain of 14.4% for the past year is higher than average compared to its 25.25% growth within a five-year period.
Also in FAIRFIELD, the median home price is sitting at $1,390,000, and the average rent at $650, this suggests property owners could potentially earn a 2.43% increase in gross rental yield.
Property investors have seen a 3.54% gain in FAIRFIELD based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on FAIRFIELD, 3078 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.4%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.96% growth over a ten-year period. It ranks 1067th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.4%||4.98%|
|Median 3 years||-4.86%||31.71%|
|Median 5 years||25.25%||41.96%|
|10 years average annual||5.96%||6%|
|Weekly media advert. rent||$650||$350|
|Time on Market||55.6 days||67.6 days|
|Gross Rental Yield Percent||2.43%||2.7%|