Suburb Profile Report for Fairfield West NSW (2165)

Fairfield West House: Median price $700,500, Annual capital growth 8.05%, Number of sales 123, Weekly median advertised rent $450

Fairfield West Unit: Median price $560,000, Annual capital growth 5.95%, Number of sales 12, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Fairfield West has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.01%

Comparing Fairfield West,2165 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Fairfield West itself are offering an average vendor discount of -6.48% to real estate investors.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Fairfield West has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.80% to date .

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Fairfield West itself are offering an average vendor discount of -10.10% to real estate investors.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 5.95%.

HOUSE UNIT
$700,500 $560,000
1.52% -0.88%
3.01% 7.80%
8.05% 5.95%
$450 $460
123 12
3.34% 4.27%
89.5 92.83

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