Fairfield
3078 VIC
Fairfield, VIC 3078 is a vibrant suburb with a growing population. The area has a diverse demographic, with a mix of age groups and occupations. Residents enjoy easy access to public transport, with a significant portion working from home. The suburb boasts high educational standards, with government schools ranking at the 98th percentile in terms of ICSEA.
For house investors, Fairfield presents an opportunity for potential renovators due to the high saleprice IQR ratio. The market absorption rate indicates a balanced demand, and the median growth rate shows a healthy increase. On the other hand, unit investors can benefit from the high rental yield and the market absorption rate well above 20%, suggesting a strong demand in the area.
Fairfield, VIC 3078 is an attractive suburb for both homeowners and investors alike. With a mix of housing options, strong rental demand, and positive growth rates, the area offers a promising investment opportunity. The suburb's demographic diversity and excellent educational facilities further enhance its appeal.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Fairfield houses.
Median Price
$1.630M
# Sales
51
12M Growth
5.7%
10Y Ave Growth
2.8%
Why Buyers Look Here
Tight supply — Only 0.4% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 24 days — high buyer competition.
Low vacancy — 0.6% vacancy rate — strong rental demand and tenant retention.
Capital Growth
Pricing and long-term growth profile for Fairfield houses.
Median Price
$1.630M
# Sales
51
12M Growth
5.7%
10Y Ave Growth
2.8%
Rental Market
Yield, rental pricing and vacancy performance for Fairfield houses.
Weekly Rent
$850
Rental Yield
2.9%
Vacancy Rate
0.6%
Rentals Last 12M
60
Supply & Demand
Stock levels, days on market and selling conditions for Fairfield.
Stock on Market
0.4%
Days on Market
24
Building Approvals
1.4%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Fairfield.
Population
6,535
Owner Occupiers
57%
Median Income
$102k
IRSAD Rank
96
Recent Sales
Recently sold properties in Fairfield.
