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Fairlight Suburb Insights
VICLocation Information
Suburb Name
Fairlight, VIC
Distance from CBD
6.5 kmDemographics
Population
5,840
Median Income
$65,000
Area Information
Area
1.17 km²
Population Density
4991 people/km²
Property Market
Median Price
$1,097,519
Annual Growth
+17.4%Property Price Trend Analysis
Current Median Price
$1,097,519
Annual Growth
+17.4%
Quarterly Growth
+3.2%
Price Trends - Last 6 Months
2024-01
$467,688
+9.4%2024-02
$572,011
+8.6%2024-03
$1,105,689
+14.4%2024-04
$1,026,711
+8.8%2024-05
$983,728
+7.4%2024-06
$790,567
+15.5%Property Type Price Analysis
House
Median Price
$1,581,974
Growth Rate
+10.9%Available Listings
166 properties
Apartment
Median Price
$554,340
Growth Rate
+9.9%Available Listings
582 properties
Townhouse
Median Price
$687,472
Growth Rate
+14%Available Listings
327 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