This property is Off Market
With an average age of 35, households expect an average monthly mortgage payment of $2,236 or a weekly rent payment of $343. The average family earns a weekly income of $2,821 with a typical household size of 2.1 and a 96.6% employment rate.
In Fairfield there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Fairfield ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Fairfield classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Fairfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 5%)
Alphington - Fairfield a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
79 / 100
52 / 100
Industry
22 / 100
17 / 100
Population
32 / 100
32 / 100
House Prices
81 / 100
70 / 100
Jobs
41 / 100
34 / 100
Incidents Trend State Average
Fairfield Primary School
Fairfield, VIC, 3078 State Prep-6
Alphington Grammar School
Alphington, VIC, 3078 Independent Prep-12
Alphington Primary School
Alphington, VIC, 3078 State Prep-6
Mary Immaculate School
Ivanhoe, VIC, 3079 Independent Prep-6
St Anthony's School
Alphington, VIC, 3078 Independent Prep-6
Virtual School Victoria
Thornbury, VIC, 3071 State Prep-12
Holy Spirit School
Thornbury, VIC, 3071 Independent Prep-6
Wales Street Primary School
Thornbury, VIC, 3071 State Prep-6
Westgarth Primary School
Northcote, VIC, 3070 State Prep-6
Santa Maria College
Northcote, VIC, 3070 Independent 7-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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