Property value increases in Fairfield have tracked lower than the NSW average of 11.06% over the last 12 months.
Over the longer term, Fairfield has seen property prices show investors a 29.72% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Fairfield itself are offering an average vendor discount of -6.31% to real estate investors.
At number 975 in a list of fastest selling suburbs, Fairfield is in the TOP 30% of suburbs in Australia with an average of days on market 54.41 for properties listed there.
Property investors should expect to get $460 weekly from the median priced house in this suburb.
Fairfield has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.47% to date .
The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 57.27% across each of those five years.
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, 2165. Typically our figures indicate that -5.95% is being offered, which puts this NSW suburb at 470th most discounted overall in Australia.
Residents and property investors in Fairfield have been waiting around 62.19 days to sell a property.
Fairfield, 2165’s gross rental yield is 4.81%
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.