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Fairfield Suburb Insights
VICLocation Information
Suburb Name
Fairfield, VIC
Distance from CBD
5.5 kmDemographics
Population
18,081
Median Income
$20,592
Area Information
Area
4.43 km²
Population Density
4081 people/km²
Property Market
Median Price
$407,738
Annual Growth
+15%Property Price Trend Analysis
Current Median Price
$407,738
Annual Growth
+15%
Quarterly Growth
+4.4%
Price Trends - Last 6 Months
2024-01
$369,598
+9.6%2024-02
$460,561
+6.5%2024-03
$470,055
+12.5%2024-04
$396,595
+15.3%2024-05
$1,093,605
+9.9%2024-06
$1,221,751
+18.3%Property Type Price Analysis
House
Median Price
$1,309,850
Growth Rate
+12.9%Available Listings
431 properties
Apartment
Median Price
$473,573
Growth Rate
+9.3%Available Listings
842 properties
Townhouse
Median Price
$769,729
Growth Rate
+8.6%Available Listings
345 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy