Property value increases in Fairfield have tracked lower than the NSW average of 6.38% over the last 12 months.
If we look at median property appreciation over just the last three months, Fairfield has given property investors a paper return of -1.37%. This puts Suburb as 1119 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Fairfield 2165 should be seeing an average reduction in asking price of around -6.20% . This means that Fairfield is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Fairfield have been waiting around 87.38 days to sell a property.
Advertised rents are around the $450 mark per week – giving a return of 3.25% based on the median price in Suburb
Investment property in Fairfield has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.22%
A 49.95% growth in median value for property investors in Fairfield,2165 puts this suburb at number 364th in terms of best performing suburbs in NSW
Property buyers and investors in Fairfield 2165 should be seeing an average reduction in asking price of around -6.18% . This means that Fairfield is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Fairfield the average time real estate has been on the market is 86.85 days.
Fairfield, 2165’s gross rental yield is 4.65%
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.