Fairfield has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.09% to date .
A 80.72% growth in median value for property investors in Fairfield,2165 puts this suburb at number 410th in terms of best performing suburbs in NSW
Fairfield2165 is located in NSW which offers an average discount of -5.49% to property investors. Fairfield itself is showing figures that indicate -6.61% is the average achievable by property buyers investing in the suburb.
The NSW suburb of Fairfield, 2165 is in the Fairfield local government area.
Fairfield, 2165 ranked 350th in NSW when comparing growth in median property values or capital gain over the last 12 months. Fairfield is one of 3163 in our list for NSW
Fairfield,2165 was ranked 927 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Fairfield itself are offering an average vendor discount of -6.19% to real estate investors.
Advertised rents are around the $380 mark per week – giving a return of 4.73% based on the median price in 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.