Over the last year, property investments in Fairfield, 4103 have given investors a capital gain of 4.51%. This compares favourably with the 1.69% for QLD as a whole.
If we look at median property appreciation over just the last three months, Fairfield has given property investors a paper return of -3.01%. This puts Suburb as 792 on a list of fastest fasting appreciating suburbs in QLD
In the last year 44 properties changed hands in Fairfield, which puts it as the 486th most active market in QLD when comparing the number of sales per suburb.
Fairfield, 4103’s gross rental yield is 3.50%
With a capital gain of -1.60% for the last 12 months, Fairfield, 4103 has performed for property investments than its average annual 1.30% property growth over the last 5 years.
Across a shorter period, Fairfield, 4103 has seen a median price increase of 2.63% over the last quarter.
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
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.