Suburb Profile Report for Fairfield QLD (4103)

Fairfield House: Median price $714,000, Annual capital growth 3.07%, Number of sales 47, Weekly median advertised rent $500

Fairfield Unit: Median price $464,000, Annual capital growth 1.79%, Number of sales 30, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Fairfield have tracked just higher than the QLD average of 2.98% over the last 12 months.

Fairfield,4103 was ranked 2408 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Fairfield should be aiming for at least -4.40% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 4.18km from the CBD, Fairfield is one of Brisbane localities in the postcode 4103.

At number 876th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairfield, 4103 is in the BOTTOM 50% with a property value increase of 4.27% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Fairfield comes in at number 116th in QLD.

Property investors looking for a bargain in Fairfield should be aiming for at least -5.43% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

Using the current median advertised rental of $375 and the average annual increase in value of a median property of 1.79%, investors should hope to achieve an overall return of 4.20%

Metrics i HOUSE UNIT
$714,000 $464,000
0.56% 4.27%
5.39% 4.27%
3.07% 1.79%
$500 $375
47 30
3.64% 4.20%
63.27 72.94

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2553
Median household income ($/weekly) 1525
Median age of persons 31
Median housing loan repayment ($/monthly) 1863
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 237 9.3
    20-24 years 364 14.3
    25-34 years 478 18.7
    35-44 years 407 15.9
    45-54 years 322 12.6
    Others 745 29.2
    Age Group
    Census Count Percent(%)
    Not Married 1036 53.3
    Registered Married 655 33.7
    Defacto Relationship 251 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1768 72.6
    Malta 39 1.6
    Papua New Guinea 77 3.2
    United Kingdom 92 3.8
    Other 179 7.4
    Others 279 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 3.3
    Christianity 1258 55.1
    Islam 52 2.3
    Other Religious Groups 47 2.1
    No Religion 831 36.4
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 66 8.0
    $1,000-$1,249 65 7.9
    $1,500-$1,999 110 13.3
    $2,000-$2,499 86 10.4
    $2,500-$2,999 99 12.0
    Others 401 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 819 39.7
    Not in the labour force 531 25.7
    Employed, worked part-time 498 24.1
    Unemployed, looking for work 121 5.9
    Employed, away from work 95 4.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 141 10.0
    Professionals 520 36.8
    Technicians & trades workers 136 9.6
    Community & personal service workers 138 9.8
    Clerical & administrative workers 193 13.6
    Others 286 20.2
    Occupation
    Census Count Percent(%)
    Pre-school 29 3.6
    Infants/Primary 158 19.7
    Secondary 110 13.7
    Technical or Further Educational Institution 66 8.2
    University or other Tertiary Institutions 419 52.3
    Others 19 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1778 75.6
    Flat, unit or apartment 422 17.9
    Semi-detached, row or terrace house, townhouse 153 6.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 424 46.2
    Being purchased 261 28.5
    Fully owned 223 24.3
    Other tenure type 9 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals