With a capital gain of -15.41% for the last 12 months, Fairfield, 2165 has performed for property investments than its average annual 7.74% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Fairfield has given property investors a paper return of -4.11%. This puts Suburb as 964 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Fairfield should be aiming for at least -11.02% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.00 sales per month, which equates to 84 per year.
With the median price for a house in Fairfield being $700000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.42%
With a capital gain of -3.53% for the last 12 months, Fairfield, 2165 has performed for property investments than its average annual 6.37% property growth over the last 5 years.
Over the longer term, Fairfield has seen property prices show investors a -2.38% return over the last 3 years. This is worse than over the last 12 months
Fairfield, 2165 is offering NSW ‘s 69th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
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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.