Suburb Profile Report for Fairfield NSW (2165)

Fairfield House: Median price $723,000, Annual capital growth 8.39%, Number of sales 138, Weekly median advertised rent $460

Fairfield Unit: Median price $423,000, Annual capital growth 7.46%, Number of sales 120, Weekly median advertised rent $370

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

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

  • Expert Report
  • House Report
  • Unit Report

Fairfield has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.98% to date .

Fairfield,2165 has offered an average of -10.98% return per annum in house price rises to property investors over the last three years.

Fairfield, 2165 is offering NSW ‘s 83th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.

Situated 23.94km from the CBD, Fairfield is one of Fairfield (C) localities in the postcode 2165.

With a capital gain of 1.20% for the last 12 months, Fairfield, 2165 has performed for property investments than its average annual 7.46% property growth over the last 5 years.

Fairfield,2165 was ranked 861 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -7.44% to buyers in Fairfield at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Fairfield the average time real estate has been on the market is 70.5316 days.

With the median price for a house in Fairfield being $423000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.53%

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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
$723,000 $423,000
-1.35% -0.35%
-10.98% 1.20%
8.39% 7.46%
$460 $370
138 120
3.28% 4.53%
82.361115 70.53165

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

DSR Score for property investment : Balanced (H), Balanced (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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