Fairfield, 3078 ranked 667th in VIC when comparing growth in median property values or capital gain over the last 12 months. Fairfield is one of 2098 in our list for VIC
Over the longer term, Fairfield has seen property prices show investors a 44.39% 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 -5.20. This rate of discount on properties puts Suburb at number 267th in terms of most discounted suburbs in VIC
Fairfield, 3078’s gross rental yield is 2.29%
Giving property investors a an unimpressive capital gain of -2.13% for the last year, Fairfield, 3078 is the 1171th highest performer in Australia in this respect.
Comparing Fairfield,3078 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Fairfield 3078 should be seeing an average reduction in asking price of around -3.32% . This means that Fairfield is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Fairfield the average time real estate has been on the market is 54.08 days.
Fairfield is 156th on a list of best yielding suburbs for rents in VIC with a 4.10% return
Fairfield is just 6km northeast of the Melbourne CBD. The suburb is well-served for transport links, with rail links to the city, as well as the Heidelberg Road and the Eastern Freeway providing road access. Full summary
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Fairfield is just 6km northeast of the Melbourne CBD. The suburb is well-served for transport links, with rail links to the city, as well as the Heidelberg Road and the Eastern Freeway providing road access.
There are a range of eateries and shops along the suburb’s main drag of Station Street. There are two primary schools in the suburb as well as a TAFE campus, and the Thomas Embling Hospital is situated in Fairfield Park.
The median house price for the area is over $800,000 according to RP Data, but three-bedroom houses and properties in need of renovation are significantly more affordable.