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Fairhaven
AREA REPORTS

Fairhaven

Fairhaven - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3231

house

Property investors have seen a 5.88% gain in FAIRHAVEN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FAIRHAVEN, 3231 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 30.98%.

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 $1,890,000

Profits averaged 16.08% per annum over a 3-year period, due to an upward trend in home prices in FAIRHAVEN, 3231.

The gross rental yield in FAIRHAVEN, 3231 is 0%.

An average of 1.83 real estate transactions take place per month in FAIRHAVEN which translates to 22 per annum.

Data report can be found below

Fairhaven
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,890,000 N/A
GROWTH REPORT
Median Quarterly 5.88% N/A
Median 12 month 30.98% N/A
Median 3 years 48.24% N/A
Median 5 years 79.15% N/A
10 years average annual 11.68% N/A
Weekly media advert. rent N/A N/A
Time on Market 29.5 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1256
Weekly Household Income
1228
Household Size
2.20
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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