Prairiewood is a smaller suburb in New South Wales within the Fairfield local government area (postcode 2176). With a population of 3,457, the suburb has an established demographic with a median age of 43. Households earn a median income of $77K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Italian, Vietnamese, Chinese.
The median house price in Prairiewood is $1.4 million, having grown strongly 5.3% over the past year. Units have a median price of $765,000 (+3.4% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Prairiewood is served by 1 school, including 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 18 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Prairiewood offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 18.1x is considered stretched. House prices have moved +5.3% year-on-year.
Prairiewood is a smaller suburb in New South Wales within the Fairfield local government area (postcode 2176). With a population of 3,457, the suburb has an established demographic with a median age of 43. Households earn a median income of $77K per year, with an average household size of 3.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Italian, Vietnamese, Chinese.
The median house price in Prairiewood is $1.4 million, having grown strongly 5.3% over the past year. Units have a median price of $765,000 (+3.4% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Prairiewood is served by 1 school, including 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 18 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Fairfield LGA is below average at 2,226 incidents per 100,000 population.
From an investment perspective, Prairiewood offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 18.1x is considered stretched. House prices have moved +5.3% year-on-year.