Suburb Profile Report for Fairfield West NSW (2165)

Fairfield West House: Median price $739,250, Annual capital growth 8.77%, Number of sales 108, Weekly median advertised rent $465

Fairfield West Unit: Median price $542,500, Annual capital growth 3.79%, Number of sales 10, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$739,250 $542,500
5.61% -3.13%
8.71% 0.09%
8.77% 3.79%
$465 $460
108 10
3.27% 4.41%
83.21 90

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10760
Median household income ($/weekly) 1083
Median age of persons 36
Median housing loan repayment ($/monthly) 1879
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 1651 15.3
    25-34 years 1357 12.6
    35-44 years 1557 14.5
    45-54 years 1394 13.0
    55-64 years 1183 11.0
    Others 3618 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 4121 51.1
    Not Married 3660 45.4
    Defacto Relationship 289 3.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4783 46.7
    Canada 376 3.7
    Ireland 1135 11.1
    Viet Nam 1366 13.3
    Other 961 9.4
    Others 1618 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 1951 19.2
    Christianity 6705 66.1
    Islam 461 4.5
    Other Religious Groups 69 0.7
    No Religion 893 8.8
    Others 58 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 348 12.7
    $600-$799 322 11.7
    $800-$999 270 9.8
    $1,000-$1,249 284 10.3
    $1,500-$1,999 325 11.8
    Others 1196 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3772 46.8
    Employed, worked full-time 2554 31.7
    Employed, worked part-time 1051 13.0
    Unemployed, looking for work 382 4.7
    Employed, away from work 300 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 459 11.7
    Technicians & trades workers 671 17.2
    Clerical & administrative workers 615 15.7
    Machinery operators & drivers 517 13.2
    Labourers 597 15.3
    Others 1048 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 155 5.5
    Infants/Primary 933 33.2
    Secondary 909 32.3
    Technical or Further Educational Institution 314 11.2
    University or other Tertiary Institutions 404 14.4
    Others 97 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9926 95.3
    Semi-detached, row or terrace house, townhouse 451 4.3
    House or flat attached to a shop, office 39 0.4
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1180 39.3
    Being purchased 1143 38.1
    Rented 664 22.1
    Other tenure type 16 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals