Located in New South Wales within the Fairfield local government area, Fairfield East is a mid-sized suburb (postcode 2165). It is home to about 5,198 residents, with a blend of families and working-age professionals and a median age of 37. Households earn a median income of $63K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, machinery operators & drivers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Vietnamese, Chinese, Australian.
Fairfield East has a median house price of $1.1 million, which has dropped significantly by 10% year-on-year. Units have a median price of $368,000 (+13.2% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,900.
Fairfield East is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 913, which is below the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Fairfield LGA is below average at 2,252 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved -10.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.