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Investment Property Fairfield, VIC, 3078

Suburb Snapshot

Fairfield is a suburb in the Yarra Region of Victoria. Fairfield has a population of 6,557 people and 36.99% of its occupants live in rental accommodation. The median listing price for houses is $1,625,000 and this has changed 4.83% over the past year and changed -4.42% over 2 years.

The median rent in Fairfield for houses is $750 per week and the median rental yield is 2.40%. Stock on the market for houses/townhouses has changed 5.88% compared to last year and the average time to sell a house/townhouse is 54 days.The median listing price for units is $582,500 and this has changed 18.87% over the past year. The average unit takes 110 days to sell and the median rent for a unit in Fairfield is $420 per week, producing a rental yield of 3.74%.

Supply & Demand in Fairfield, Yarra

0.96%

Current vacancy rate


32

Rental stock available


6,557

Population


36.99%

Rental population


1.39%

Current vacancy rate


800

Rental stock available


86,658

Population


45.73%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Fairfield, Yarra

  House Townhouses Units
Median listing price $1,625,000 NA $582,500
Median price change - last quarter 6.45% NA 4.09%
Median price change - 1 year 4.83% NA 18.87%
Median price change - 2 years -4.42% NA 16.61%
  House Townhouses Units
Median weekly rent $750 $650 $420
Median yield % 2.40% NA 3.74%
Median rent change - 1 year 0.00% 3.17% 6.32%
  House Units
Previous month sales 7 4
Stock on market previous month 18 20
Stock variance vs. last year 5.88% 33.33%
Average days on market 54 110

Fairfield investment property listings

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