Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
The suburb’s capital gain of -3.66% for the past year is lower than average compared to its 73.9% growth within a five-year period.
Also in FAIRFIELD, the median home price is sitting at $1,382,500, and the average rent at $585, this suggests property owners could potentially earn a 2.2% increase in gross rental yield.
Property investors have seen a -3.32% 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 8.33% growth over a ten-year period. It ranks 386th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.66%||-1.57%|
|Median 3 years||44.01%||-6.38%|
|Median 5 years||73.9%||7.58%|
|10 years average annual||8.33%||4.66%|
|Weekly media advert. rent||$585||$345|
|Time on Market||47.7 days||46.5 days|
|Gross Rental Yield Percent||2.2%||4.08%|
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