Located in New South Wales within the Fairfield local government area, Prairiewood is a compact suburb (postcode 2176). It is home to about 3,457 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $77K per year, with an average household size of 3.1 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Italian, Vietnamese, Chinese.
Median house prices in Prairiewood stand at $1.4 million, having grown strongly by 5.3% over the last twelve months. Units have a median price of $765,000 (+3.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.5%. 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 2,252 incidents per 100,000 population.
Looking at the investment signals, Prairiewood shows a gross rental yield of approximately 2.5%, 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. 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.