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.