Over the last year, property investments in Fairfield, 2165 have given investors a capital gain of 6.73%. This compares badly with the 11.67% for NSW as a whole.
The five-year average increase in median property values for Fairfield,2165 has given property investors a potential capital gain of 81.54% across each of those five years.
Fairfield2165 is located in NSW which offers an average discount of -5.24% to property investors. Fairfield itself is showing figures that indicate -6.40% is the average achievable by property buyers investing in the suburb.
Situated 23.33km from the CBD, Fairfield is one of Fairfield localities in the postcode 2165.
Fairfield is in the bottom 30% in NSW when comparing median price capital growth over the last year. Fairfield gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.26%.
Across a shorter period, Fairfield, 2165 has seen a median price increase of -1.69% over the last quarter.
At number 22th of NSW’s most discounted properties, Fairfield is in the bottom 10% of the state/territory when listing in order of most discounted to least.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 8.74%.
Affordability is the issue du jour for many buyers in Sydney at present, and Fairfield scores well on this front. Full summary
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Affordability is the issue du jour for many buyers in Sydney at present, and Fairfield scores well on this front.
“Fairfield is experiencing strong demand for housing as people leave Sydney city and inner city areas due to high rents and take advantage of the area’s affordable property prices,” says Century 21 founder and chairman Charles Tarbey. “There are also excellent investment opportunities in Fairfield, with the suburb seeing significant rental growth in a strong rental market.”
Population growth for this part of Sydney bears out Tarbey’s predictions. The ABS charted the population in the Fairfield local government area as growing by more than 7,000 between 2005 and 2009 – an increase of 4%.
Such population growth has contributed to Fairfield's tight rental market – the suburb's vacancy rate has remained below 2% for the last five years, according to SQM Research figures. Units, in particular, combine affordability with solid rental yields to head towards cash flow positive territory.
Accessibility is good, too; there are direct rail links to Parramatta and Liverpool, and trains to the CBD can be caught from nearby Canley Vale. The major arterial roads of the South Western Motorway, the M7 and the M4 are also within easy reach. The suburb is well served for amenities, with a wide range of cafes, restaurants and shops being found in and around the Fairfield forum. Parramatta and Liverpool's major shopping centres are only a short journey away.
What about capital growth? Fairfield's 12-month growth figures for both houses and units significantly outperform average annual growth over the past 10 years, which may indicate that this is a suburb whose property prices are on the up.