Fairhaven is a quiet locality in Victoria within the Surf Coast local government area (postcode 3231). With a population of 390, the suburb has an older demographic with a median age of 56. Households earn a median income of $105K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Fairhaven is $1.9 million, having risen modestly 1.9% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,993.
Public transport access includes 2 bus stops. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Fairhaven offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved +1.9% year-on-year.
Fairhaven is a quiet locality in Victoria within the Surf Coast local government area (postcode 3231). With a population of 390, the suburb has an older demographic with a median age of 56. Households earn a median income of $105K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Fairhaven is $1.9 million, having risen modestly 1.9% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,993.
Public transport access includes 2 bus stops. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Fairhaven offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved +1.9% year-on-year.