Suburb Profile Report for Fairfield NSW (2165)

Fairfield House: Median price $730,000, Annual capital growth 8.48%, Number of sales 113, Weekly median advertised rent $450

Fairfield Unit: Median price $417,000, Annual capital growth 5.90%, Number of sales 113, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Fairfield have tracked just lower than the NSW average of 7.15% over the last 12 months.

The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 69.77% 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 -6.38% is being offered, which puts this NSW suburb at 1617th most discounted overall in Australia.

On average over the past year, suburb has had 9.42 sales per month, which equates to 113 per year.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.21%, without taking into account capital value appreciation, which has been averaging out at 8.48%.

Giving property investors a a stable capital gain of 6.91% for the last year, Fairfield, 2165 is the 563th highest performer in Australia in this respect.

The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 54.44% 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 -6.25% is being offered, which puts this NSW suburb at 427th most discounted overall in Australia.

With the median price for a house in Fairfield being $417000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.49%

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Affordability is the issue du jour for many buyers in Sydney at present, and Fairfield scores well on this front. Full summary

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.

Close
HOUSE UNIT
$730,000 $417,000
-1.75% -0.71%
2.82% 6.91%
8.48% 5.90%
$450 $360
113 113
3.21% 4.49%
84.22 83.41

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 17033
Median household income ($/weekly) 813
Median age of persons 34
Median housing loan repayment ($/monthly) 1647
Average household size 3
  • Census Count Percent(%)
    5-14 years 2234 13.1
    25-34 years 2626 15.4
    35-44 years 2466 14.5
    45-54 years 2283 13.4
    55-64 years 1688 9.9
    Others 5736 33.7
    Age Group
    Census Count Percent(%)
    Not Married 6425 49.9
    Registered Married 6111 47.5
    Defacto Relationship 338 2.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5562 34.0
    Croatia 483 3.0
    Ireland 3740 22.9
    Viet Nam 1455 8.9
    Other 2052 12.6
    Others 3048 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 2225 13.8
    Christianity 10450 64.9
    Islam 1662 10.3
    Other Religious Groups 362 2.2
    No Religion 1199 7.4
    Others 197 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 483 9.7
    $400-$599 711 14.3
    $600-$799 750 15.1
    $800-$999 524 10.6
    $1,000-$1,249 525 10.6
    Others 1963 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7043 54.9
    Employed, worked full-time 3228 25.2
    Employed, worked part-time 1444 11.3
    Unemployed, looking for work 726 5.7
    Employed, away from work 383 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 658 13.0
    Technicians & trades workers 796 15.7
    Clerical & administrative workers 729 14.4
    Machinery operators & drivers 685 13.5
    Labourers 817 16.2
    Others 1372 27.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 1275 29.3
    Secondary 1274 29.3
    Technical or Further Educational Institution 613 14.1
    University or other Tertiary Institutions 633 14.5
    Other type of educational institution 335 7.7
    Others 225 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8243 49.8
    Flat, unit or apartment 5021 30.3
    Semi-detached, row or terrace house, townhouse 3270 19.8
    House or flat attached to a shop, office 21 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2784 52.1
    Being purchased 1310 24.5
    Fully owned 1219 22.8
    Other tenure type 33 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals