Over the last year, property investments in Fairfield, 4103 have given investors a capital gain of 1.04%. This compares averagely with the 1.17% for QLD as a whole.
A 6.99% growth in median value for property investors in Fairfield,4103 puts this suburb at number 439th in terms of best performing suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Fairfield, 4103. Typically our figures indicate that -8.21% is being offered, which puts this QLD suburb at 552th most discounted overall in Australia.
The QLD suburb of Fairfield, 4103 is in the Brisbane (C) local government area.
Giving property investors a an average capital gain of -2.05% for the last year, Fairfield, 4103 is the 887th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Fairfield,4103 has racked up an average of -2.05% over the period. This ranks it number 824th in the whole country for real estate investors looking at median house price increases.
In the last year 16 properties changed hands in Fairfield, which puts it as the 277th most active market in QLD when comparing the number of sales per suburb.
Fairfield, 4103’s gross rental yield is 4.69%
Information supplied by:
Median House Price: $745,500
Current Yield (houses): 3.6%
Average annual growth (houses): 2.8%
Median Unit Price: $432k
Current Yield (units): 4.6%
Average annual growth (units): 1.5%
In prime distance to Brisbane’s central business district and close to the Brisbane River, the suburb of Fairfield has a relatively high volume of owner-occupiers, which contributes toward rising values.
“You can renovate a Queenslander style property in this suburb and be confident that it will markedly increase in value as it is surrounded by other good quality properties,” shares Peter Koulizos, program director of the Master of Property at the University of Adelaide.
The nearby university campus also provides an opportunity for investors to increase their rental income by renting out properties on a room-by-room basis, he adds.