Fairfield is a well-established suburb in New South Wales within the Fairfield local government area (postcode 2165). With a population of 18,596, the suburb has an established demographic with a median age of 40. Households earn a median income of $57K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, clerical & administrative. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Fairfield is $1.2 million, having declined 5.7% over the past year. Units have a median price of $480,000 (+6.9% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Fairfield is served by 7 schools, including 4 primary, 2 secondary, 1 special. The average ICSEA score is 923, which is below the national average of 1,000. Public transport access includes 2 rail stations, 46 bus stops. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Fairfield offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 21.0x is considered stretched. House prices have moved -5.7% year-on-year.
Fairfield is a well-established suburb in New South Wales within the Fairfield local government area (postcode 2165). With a population of 18,596, the suburb has an established demographic with a median age of 40. Households earn a median income of $57K per year, with an average household size of 2.9 people. The most common occupations are professionals, labourers, clerical & administrative. The top ancestries reported are Vietnamese, Chinese, Australian.
The median house price in Fairfield is $1.2 million, having declined 5.7% over the past year. Units have a median price of $480,000 (+6.9% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Fairfield is served by 7 schools, including 4 primary, 2 secondary, 1 special. The average ICSEA score is 923, which is below the national average of 1,000. Public transport access includes 2 rail stations, 46 bus stops. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Fairfield offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 21.0x is considered stretched. House prices have moved -5.7% year-on-year.