Back to Suburb Insights
Fairfield West Suburb Insights
VICLocation Information
Suburb Name
Fairfield West, VIC
Distance from CBD
18.4 kmDemographics
Population
11,575
Median Income
$22,620
Area Information
Area
3.22 km²
Population Density
3595 people/km²
Property Market
Median Price
$789,971
Annual Growth
+14.4%Property Price Trend Analysis
Current Median Price
$789,971
Annual Growth
+14.4%
Quarterly Growth
+4.5%
Price Trends - Last 6 Months
2024-01
$629,472
+5.1%2024-02
$843,428
+11.9%2024-03
$926,270
+6.8%2024-04
$529,255
+15%2024-05
$871,456
+18.8%2024-06
$893,145
+15.5%Property Type Price Analysis
House
Median Price
$1,422,349
Growth Rate
+6.9%Available Listings
478 properties
Apartment
Median Price
$483,779
Growth Rate
+7.1%Available Listings
981 properties
Townhouse
Median Price
$792,684
Growth Rate
+15.9%Available Listings
314 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