Suburb Profile Report for Fairfield NSW (2165)

Fairfield House: Median price $700,000, Annual capital growth 7.69%, Number of sales 86, Weekly median advertised rent $455

Fairfield Unit: Median price $405,000, Annual capital growth 6.01%, Number of sales 75, Weekly median advertised rent $370

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

NSW has seen average median house prices change by -4.21% which means that Fairfield, 2165 has not done well for property investors by showing a capital gain of -15.41% over the last year

Taking the average capital gain, or increase in median house value, Fairfield,2165 has racked up an average of -15.41% over the period. This ranks it number 3430th in the whole country for real estate investors looking at median house price increases.

At number 36th 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.

Residents and property investors in Fairfield have been waiting around 80.6905 days to sell a property.

Renters in Suburb are facing rents around $23660 per annum or $455 every week.

Fairfield, 2165 ranked 251th in NSW when comparing growth in median property values or capital gain over the last 12 months. Fairfield is one of 3163 in our list for NSW

Over the longer term, Fairfield has seen property prices show investors a -2.99% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Fairfield is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 44th in terms of most discounted suburbs in NSW

The NSW suburb of Fairfield, 2165 is in the Fairfield (C) local government area.

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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.

Metrics i HOUSE UNIT
$700,000 $405,000
-0.92% -1.82%
-15.41% -4.71%
7.69% 6.01%
$455 $370
86 75
3.38% 4.75%
80.6904761904762 84.7049180327869

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 17033
Median household income ($/weekly) 813
Median age of persons 34
Median housing loan repayment ($/monthly) 1647
Average household size 3
  • Census Count Percent(%)
    5-14 years 2234 13.1
    25-34 years 2626 15.4
    35-44 years 2466 14.5
    45-54 years 2283 13.4
    55-64 years 1688 9.9
    Others 5736 33.7
    Age Group
    Census Count Percent(%)
    Not Married 6425 49.9
    Registered Married 6111 47.5
    Defacto Relationship 338 2.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5562 34.0
    Croatia 483 3.0
    Ireland 3740 22.9
    Viet Nam 1455 8.9
    Other 2052 12.6
    Others 3048 18.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 2225 13.8
    Christianity 10450 64.9
    Islam 1662 10.3
    Other Religious Groups 362 2.2
    No Religion 1199 7.4
    Others 197 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 483 9.7
    $400-$599 711 14.3
    $600-$799 750 15.1
    $800-$999 524 10.6
    $1,000-$1,249 525 10.6
    Others 1963 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7043 54.9
    Employed, worked full-time 3228 25.2
    Employed, worked part-time 1444 11.3
    Unemployed, looking for work 726 5.7
    Employed, away from work 383 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 658 13.0
    Technicians & trades workers 796 15.7
    Clerical & administrative workers 729 14.4
    Machinery operators & drivers 685 13.5
    Labourers 817 16.2
    Others 1372 27.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 1275 29.3
    Secondary 1274 29.3
    Technical or Further Educational Institution 613 14.1
    University or other Tertiary Institutions 633 14.5
    Other type of educational institution 335 7.7
    Others 225 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8243 49.8
    Flat, unit or apartment 5021 30.3
    Semi-detached, row or terrace house, townhouse 3270 19.8
    House or flat attached to a shop, office 21 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2784 52.1
    Being purchased 1310 24.5
    Fully owned 1219 22.8
    Other tenure type 33 0.6
    Tenure Type
Census 2011, ABS
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