Investment property in Fairfield has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.37%
A 72.77% growth in median value for property investors in Fairfield,2165 puts this suburb at number 1274th in terms of best performing suburbs in NSW
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 -6.45% is being offered, which puts this NSW suburb at 1565th most discounted overall in Australia.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Fairfield has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.48% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fairfield has increased when compared to the 5 year average annual rate.
Property buyers and investors in Fairfield 2165 should be seeing an average reduction in asking price of around -6.73% . This means that Fairfield is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Fairfield, 2165 is in the Fairfield local government area.
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.