Fairfield is a mid-sized suburb in Victoria within the Darebin local government area (postcode 3078). With a population of 6,535, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fairfield is $1.6 million, having increased 2.5% over the past year. Units have a median price of $635,000 (+12.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Fairfield is served by 1 school, including 1 primary. The average ICSEA score is 1170, which is well above the national average of 1,000. Public transport access includes 20 rail stations, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Fairfield offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 15.9x is considered stretched. House prices have moved +2.5% year-on-year.
Fairfield is a mid-sized suburb in Victoria within the Darebin local government area (postcode 3078). With a population of 6,535, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Fairfield is $1.6 million, having increased 2.5% over the past year. Units have a median price of $635,000 (+12.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Fairfield is served by 1 school, including 1 primary. The average ICSEA score is 1170, which is well above the national average of 1,000. Public transport access includes 20 rail stations, 21 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Fairfield offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 15.9x is considered stretched. House prices have moved +2.5% year-on-year.