The suburb’s capital gain of 12.96% for the past year is lower than average compared to its 83.55% growth within a five-year period.
Also in FAIRFIELD, the median home price is sitting at $1,395,000, and the average rent at $577.5, this suggests property owners could potentially earn a 2.15% increase in gross rental yield.
Property investors have seen a -0.36% drop in FAIRFIELD based on a decrease 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 12.96%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.48% growth over a ten-year period. It ranks 404th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.96%||-30.08%|
|Median 3 years||48.4%||-12.79%|
|Median 5 years||83.55%||6.22%|
|10 years average annual||8.48%||6.05%|
|Weekly media advert. rent||$577.5||$320|
|Time on Market||52.8 days||65.7 days|
|Gross Rental Yield Percent||2.15%||4.02%|