Suburb Profile Report for Fairfield West NSW (2165)

Fairfield West House: Median price $697,500, Annual capital growth 8.02%, Number of sales 120, Weekly median advertised rent $450

Fairfield West Unit: Median price $555,000, Annual capital growth 5.48%, 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

With a capital gain of 2.95% for the last 12 months, Fairfield West, 2165 has performed for property investments than its average annual 8.02% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Fairfield West,2165 has racked up an average of 2.95% over the period. This ranks it number 631th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Fairfield West is giving property investors an average Vendor Discount of around -6.57%. This puts suburb at number 307th in NSW when ranking the most discounted suburbs.

Residents and property investors in Fairfield West have been waiting around 90.96 days to sell a property.

Over the last year, property investments in Fairfield West, 2165 have given investors a capital gain of 7.14%. This compares averagely with the 5.41% for NSW as a whole.

Fairfield West,2165 was ranked 1258 in Australia by increase in median property value over the quarter.

In the last year 10 properties changed hands in Fairfield West, which puts it as the 577th most active market in NSW when comparing the number of sales per suburb.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 5.48%.

HOUSE UNIT
$697,500 $555,000
1.09% -1.77%
2.95% 7.14%
8.02% 5.48%
$450 $460
120 10
3.35% 4.31%
90.96 N/A

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
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Recent sales & rentals