With a capital gain of 27.51% for the last 12 months, Fairfield, 3078 has performed for property investments than its average annual 9.41% property growth over the last 5 years.
Fairfield,3078 has offered an average of 27.51% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Fairfield is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
Giving property investors a a solid capital gain of 31.67% for the last year, Fairfield, 3078 is the 32th highest performer in Australia in this respect.
The five-year average increase in median property values for Fairfield,3078 has given property investors a potential capital gain of 61.22% across each of those five years.
Property investors looking for a bargain in Fairfield should be aiming for at least -1.11% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Fairfield have been waiting around 47.4 days to sell a property.
Fairfield is 371th on a list of best yielding suburbs for rents in VIC with a 2.63% return
Fairfield is just 6km northeast of the Melbourne CBD. The suburb is well-served for transport links, with rail links to the city, as well as the Heidelberg Road and the Eastern Freeway providing road access. Full summary
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Fairfield is just 6km northeast of the Melbourne CBD. The suburb is well-served for transport links, with rail links to the city, as well as the Heidelberg Road and the Eastern Freeway providing road access.
There are a range of eateries and shops along the suburb’s main drag of Station Street. There are two primary schools in the suburb as well as a TAFE campus, and the Thomas Embling Hospital is situated in Fairfield Park.
The median house price for the area is over $800,000 according to RP Data, but three-bedroom houses and properties in need of renovation are significantly more affordable.