Suburb Profile Report for Fairfield QLD (4103)

Fairfield House: Median price $700,000, Annual capital growth 3.39%, Number of sales 44, Weekly median advertised rent $500

Fairfield Unit: Median price $460,000, Annual capital growth 1.92%, Number of sales 21, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2579th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairfield, 4103 is in the BOTTOM 40% with a property value increase of 3.70% recorded in median house prices.

Fairfield,4103 has offered an average of 3.70% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Fairfield itself are offering an average vendor discount of -6.56% to real estate investors.

Residents and property investors in Fairfield have been waiting around 72.16 days to sell a property.

Fairfield is 629th on a list of best yielding suburbs for rents in QLD with a 3.71% return

Giving property investors a an average capital gain of 3.37% for the last year, Fairfield, 4103 is the 922th highest performer in Australia in this respect.

Over the longer term, Fairfield has seen property prices show investors a 19.48% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Fairfield is offering property investors an average of -5.93. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in QLD

At number 792 in a list of fastest selling suburbs, Fairfield is just in the bottom half of suburbs in Australia with an average of days on market 75.53 for properties listed there.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Metrics i HOUSE UNIT
$700,000 $460,000
2.94% 3.37%
3.70% 3.37%
3.39% 1.92%
$500 $370
44 21
3.71% 4.18%
72.16 75.53

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2553
Median household income ($/weekly) 1525
Median age of persons 31
Median housing loan repayment ($/monthly) 1863
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 237 9.3
    20-24 years 364 14.3
    25-34 years 478 18.7
    35-44 years 407 15.9
    45-54 years 322 12.6
    Others 745 29.2
    Age Group
    Census Count Percent(%)
    Not Married 1036 53.3
    Registered Married 655 33.7
    Defacto Relationship 251 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1768 72.6
    Malta 39 1.6
    Papua New Guinea 77 3.2
    United Kingdom 92 3.8
    Other 179 7.4
    Others 279 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 3.3
    Christianity 1258 55.1
    Islam 52 2.3
    Other Religious Groups 47 2.1
    No Religion 831 36.4
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 66 8.0
    $1,000-$1,249 65 7.9
    $1,500-$1,999 110 13.3
    $2,000-$2,499 86 10.4
    $2,500-$2,999 99 12.0
    Others 401 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 819 39.7
    Not in the labour force 531 25.7
    Employed, worked part-time 498 24.1
    Unemployed, looking for work 121 5.9
    Employed, away from work 95 4.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 141 10.0
    Professionals 520 36.8
    Technicians & trades workers 136 9.6
    Community & personal service workers 138 9.8
    Clerical & administrative workers 193 13.6
    Others 286 20.2
    Occupation
    Census Count Percent(%)
    Pre-school 29 3.6
    Infants/Primary 158 19.7
    Secondary 110 13.7
    Technical or Further Educational Institution 66 8.2
    University or other Tertiary Institutions 419 52.3
    Others 19 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1778 75.6
    Flat, unit or apartment 422 17.9
    Semi-detached, row or terrace house, townhouse 153 6.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 424 46.2
    Being purchased 261 28.5
    Fully owned 223 24.3
    Other tenure type 9 1.0
    Tenure Type
Census 2011, ABS
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