Fairhaven

POSTAL CODE: VIC, 3231

HOUSE

Property investors have seen a 6.95% gain in FAIRHAVEN based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains FAIRHAVEN, 3231 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,000,000

Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in FAIRHAVEN, 3231.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in FAIRHAVEN, 3231 is N/A.

An average of 0.92 real estate transactions take place per month in FAIRHAVEN which translates to 11 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,000,000	N/A
Growth Report
Median Quarterly	6.95%	N/A
Median 12 month	6.95%	N/A
Median 3 years	0%	N/A
Median 5 years	38.31%	N/A
10 years average annual	11.01%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 1256

Weekly Household Income 1228

Household Size 2.20

Average Age 52

Monthly Loan Repayment 1613

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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