NSW has seen average median house prices change by 9.05% which means that Fairfield West, 2165 has done well for property investors by showing a capital gain of 8.71% over the last year
Taking the average capital gain, or increase in median house value, Fairfield West,2165 has racked up an average of 8.71% over the period. This ranks it number 526th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Fairfield West should be aiming for at least -6.59% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $465 and the average annual increase in value of a median property of 8.77%, investors should hope to achieve an overall return of 3.27%
Fairfield West has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.09% to date .
The most recent median price for Fairfield West is $542500, with sellers offering an average of -8.39% off the asking price.
Fairfield West, 2165’s gross rental yield is 4.41%