All About Fairfield, Yarra, VIC, 3078

Fairfield, located in the Yarra region of Victoria, offers a unique blend of urban convenience and suburban charm, making it an attractive option in the housing market. This area has seen a steady demand due to its proximity to Melbourne’s central business district, providing easy access for commuters while maintaining a serene neighborhood feel. The housing market in Fairfield is characterized by a mix of period homes and modern apartments, catering to a diverse range of buyers, from young professionals to established families. Over the past few years, property values have shown a stable increase, reflecting its desirability and the quality of life it offers. Factors such as local amenities, access to schools, parks, and its vibrant community life continue to bolster its real estate appeal.

Living in Fairfield offers residents a balanced lifestyle, combining the best of both worlds - metropolitan accessibility and residential tranquillity. The area boasts a plethora of green spaces, such as the Fairfield Park and Merri Creek, allowing for various outdoor activities and a respite from urban hustle. The local community is known for its friendly and laid-back atmosphere, with a variety of cafes, shops, and eateries that highlight the multicultural essence of the area. Public transport links are excellent, further enhancing its convenience for daily commuters. Additionally, community events and markets are a staple, fostering a strong sense of community engagement and making it an ideal locale for those seeking a welcoming and connected neighborhood.

Fairfield Real Estate Market Outlook

Thinking about buying in Fairfield? Now could not be a better time, with 4530 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,467,000 with prices in this suburb ranging from $298,000 to $10,352,000. Fairfield is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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