Suburb Profile Report for Fairhaven VIC (3231)

Fairhaven House: Median price $1,000,000, Annual capital growth 5.39%, Number of sales 17, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

At number 873th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairhaven, 3231 is in the top 30% with a property value increase of 11.42% recorded in median house prices.

Comparing Fairhaven,3231 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Fairhaven, 3231. Typically our figures indicate that -7.49% is being offered, which puts this VIC suburb at 1030th most discounted overall in Australia.

Residents and property investors in Fairhaven have been waiting around 170.84 days to sell a property.

HOUSE UNIT
$1,000,000 N/A
-1.23% N/A
11.42% N/A
5.39% N/A
N/A N/A
17 N/A
N/A N/A
170.84 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
Find a mortgage broker in Fairhaven VIC
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
Chart Table
Recent sales & rentals