At number 1618th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairfield East, 2165 is in the top 40% with a property value increase of 6.42% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Fairfield East,2165 has racked up an average of 6.42% over the period. This ranks it number 537th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Fairfield East itself are offering an average vendor discount of -9.10% to real estate investors.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 8.18%, investors should hope to achieve an overall return of 3.14%