Suburb Profile Report for Fairfield West NSW (2165)

Fairfield West House: Median price $715,000, Annual capital growth 8.25%, Number of sales 114, Weekly median advertised rent $450

Fairfield West Unit: Median price $560,000, Annual capital growth 5.94%, 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

If you compare the increase in value of investment property in Fairfield West, 2165 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.93%.

Fairfield West,2165 was ranked 968 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -6.14% to buyers in Fairfield West at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 9.50 sales per month, which equates to 114 per year.

At number 615th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairfield West, 2165 is in the top 40% with a property value increase of 6.16% recorded in median house prices.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Fairfield West, 2165. Typically our figures indicate that -10.10% is being offered, which puts this NSW suburb at 57th most discounted overall in Australia.

At number 1126 in a list of fastest selling suburbs, Fairfield West is in the bottom 30% of suburbs in Australia with an average of days on market 99.36 for properties listed there.

Fairfield West, 2165’s gross rental yield is 4.27%

Metrics i HOUSE UNIT
$715,000 $560,000
3.62% 0.45%
5.93% 6.16%
8.25% 5.94%
$450 $460
114 10
3.27% 4.27%
85.49 99.36

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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