Fairfield has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.53% to date .
The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 79.50% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Fairfield is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 289th in terms of most discounted suburbs in NSW
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Property value increases in Fairfield have tracked just lower than the NSW average of 6.07% over the last 12 months.
Over the longer term, Fairfield has seen property prices show investors a 31.74% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.62% to buyers in Fairfield at the moment, which is less than average for the rest of NSW.
Residents and property investors in Fairfield have been waiting around 84.69 days to sell a property.
Property investors should expect to get $385 weekly from the median priced house in this suburb.
Affordability is the issue du jour for many buyers in Sydney at present, and Fairfield scores well on this front. Full summary
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Affordability is the issue du jour for many buyers in Sydney at present, and Fairfield scores well on this front.
“Fairfield is experiencing strong demand for housing as people leave Sydney city and inner city areas due to high rents and take advantage of the area’s affordable property prices,” says Century 21 founder and chairman Charles Tarbey. “There are also excellent investment opportunities in Fairfield, with the suburb seeing significant rental growth in a strong rental market.”
Population growth for this part of Sydney bears out Tarbey’s predictions. The ABS charted the population in the Fairfield local government area as growing by more than 7,000 between 2005 and 2009 – an increase of 4%.
Such population growth has contributed to Fairfield's tight rental market – the suburb's vacancy rate has remained below 2% for the last five years, according to SQM Research figures. Units, in particular, combine affordability with solid rental yields to head towards cash flow positive territory.
Accessibility is good, too; there are direct rail links to Parramatta and Liverpool, and trains to the CBD can be caught from nearby Canley Vale. The major arterial roads of the South Western Motorway, the M7 and the M4 are also within easy reach. The suburb is well served for amenities, with a wide range of cafes, restaurants and shops being found in and around the Fairfield forum. Parramatta and Liverpool's major shopping centres are only a short journey away.
What about capital growth? Fairfield's 12-month growth figures for both houses and units significantly outperform average annual growth over the past 10 years, which may indicate that this is a suburb whose property prices are on the up.