Suburb Profile Report for Fairfield QLD (4103)

Fairfield House: Median price $855,500, Annual capital growth 3.92%, Number of sales 50, Weekly median advertised rent $500

Fairfield Unit: Median price $458,500, Annual capital growth 2.42%, Number of sales 24, Weekly median advertised rent $355

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

QLD has seen average median house prices change by 12.16% which means that Fairfield, 4103 has done well for property investors by showing a capital gain of 17.59% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fairfield has increased when compared to the 5 year average annual rate.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.92%, investors should hope to achieve an overall return of 3.04%

Property value increases in Fairfield have tracked close to the QLD average of 8.71% over the last 12 months.

If we look at median property appreciation over just the last three months, Fairfield has given property investors a paper return of -2.45%. This puts Suburb as 344 on a list of fastest fasting appreciating suburbs in QLD

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 2.42%, investors should hope to achieve an overall return of 4.03%

Information supplied by:




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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.

Metrics i HOUSE UNIT
$855,500 $458,500
6.94% -2.45%
17.59% 6.13%
3.92% 2.42%
$500 $355
50 24
3.04% 4.03%
38.3548387096774 72.1428571428571

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Very good (H)
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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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