Suburb Profile Report for Fairhaven VIC (3231)

Fairhaven House: Median price $1,050,000, Annual capital growth 4.00%, Number of sales 16, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

With a capital gain of 16.99% for the last 12 months, Fairhaven, 3231 has performed for property investments than its average annual 4.00% property growth over the last 5 years.

Fairhaven,3231 was ranked 1414 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Fairhaven is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 97th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Fairhaven the average time real estate has been on the market is 185.36 days.

HOUSE UNIT
$1,050,000 N/A
2.44% N/A
16.99% N/A
4.00% N/A
N/A N/A
16 N/A
N/A N/A
185.36 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Balanced (H)
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Demographics
Total population 354
Median household income ($/weekly) 1149
Median age of persons 46
Median housing loan repayment ($/monthly) 1874
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 56 15.7
    35-44 years 50 14.0
    45-54 years 67 18.8
    55-64 years 54 15.2
    65-74 years 46 12.9
    Others 83 23.3
    Age Group
    Census Count Percent(%)
    Registered Married 125 60.1
    Not Married 66 31.7
    Defacto Relationship 17 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 284 89.3
    China 3 0.9
    Greece 3 0.9
    Italy 3 0.9
    United Kingdom 7 2.2
    Others 18 5.7
    Country of Birth
    Census Count Percent(%)
    Christianity 168 56.0
    No Religion 129 43.0
    Buddhism 3 1.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 11 11.6
    $1,000-$1,249 10 10.5
    $1,500-$1,999 10 10.5
    $2,000-$2,499 9 9.5
    $3,000-$3,499 9 9.5
    Others 46 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 101 38.8
    Employed, worked full-time 72 27.7
    Employed, worked part-time 62 23.8
    Employed, away from work 15 5.8
    Unemployed, looking for work 10 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 25 17.0
    Professionals 48 32.7
    Technicians & trades workers 28 19.0
    Community & personal service workers 10 6.8
    Labourers 16 10.9
    Others 20 13.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 32 40.0
    Secondary 29 36.3
    University or other Tertiary Institutions 12 15.0
    Pre-school 4 5.0
    Technical or Further Educational Institution 3 3.8
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 273 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 62 55.4
    Being purchased 34 30.4
    Rented 16 14.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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