Suburb Profile Report for Fairhaven VIC (3231)

Fairhaven House: Median price $866,500, Annual capital growth 7.08%, Number of sales 18, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Investment property in Fairhaven has done 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 -16.48%

If we look at median property appreciation over just the last three months, Fairhaven has given property investors a paper return of 1.46%. This puts Suburb as 417 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -5.98% to buyers in Fairhaven at the moment, which is less than average for the rest of VIC.

Metrics i HOUSE UNIT
$866,500 N/A
1.46% N/A
-16.48% N/A
7.08% N/A
N/A N/A
18 N/A
N/A N/A
165.15 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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