QLD has seen average median house prices change by 0.01% which means that Fairfield, 4103 has done well for property investors by showing a capital gain of -0.70% over the last year
Across a shorter period, Fairfield, 4103 has seen a median price increase of -2.06% over the last quarter.
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 Fairfield, 4103. Typically our figures indicate that -7.99% is being offered, which puts this QLD suburb at 881th most discounted overall in Australia.
The QLD suburb of Fairfield, 4103 is in the Brisbane (C) local government area.
Investment property in Fairfield has done pretty 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 -8.70%
Fairfield,4103 has offered an average of -8.70% return per annum in house price rises to property investors over the last three years.
At number 1130 in a list of fastest selling suburbs, Fairfield is in the bottom 20% of suburbs in Australia with an average of days on market 110.1 for properties listed there.
Situated 4.22km from the CBD, Fairfield is one of Brisbane (C) localities in the postcode 4103.
Information supplied by:
Median House Price: $745,500
Current Yield (houses): 3.6%
Average annual growth (houses): 2.8%
Median Unit Price: $432k
Current Yield (units): 4.6%
Average annual growth (units): 1.5%
In prime distance to Brisbane’s central business district and close to the Brisbane River, the suburb of Fairfield has a relatively high volume of owner-occupiers, which contributes toward rising values.
“You can renovate a Queenslander style property in this suburb and be confident that it will markedly increase in value as it is surrounded by other good quality properties,” shares Peter Koulizos, program director of the Master of Property at the University of Adelaide.
The nearby university campus also provides an opportunity for investors to increase their rental income by renting out properties on a room-by-room basis, he adds.