VIC/
Fairfield

Suburb Profile

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

house
unit
FAIRFIELD ranks 164th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

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 Price $1,395,000 $414,250
GROWTH REPORT
Median Quarterly -0.36% -5.42%
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%
demographics (median values)
Total Population
4919
Weekly Household Income
1037
Household Size
2.20
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