With a capital gain of 6.29% for the last 12 months, Fairfield, 2165 has performed for property investments than its average annual 8.54% property growth over the last 5 years.
Over the longer term, Fairfield has seen property prices show investors a 55.00% return over the last 3 years. This is worse than over the last 12 months
At number 196th of NSW’s most discounted properties, Fairfield is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 1868 in a list of fastest selling suburbs, Fairfield is just in the top half of suburbs in Australia with an average of days on market 78.6 for properties listed there.
With a capital gain of 9.80% for the last 12 months, Fairfield, 2165 has performed for property investments than its average annual 5.81% property growth over the last 5 years.
The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 55.11% across each of those five years.
Our latest figures would indicate that property sellers in Fairfield are currently offering property investors an average price cut of -5.74% below the asking price at the moment.
Situated 23.32km from the CBD, Fairfield is one of Fairfield localities in the postcode 2165.
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.