Mortgage Broker Fairfield
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Fairfield is a charming suburb located approximately 6 kilometers north-east of Melbourne's Central Business District in Victoria, Australia. Known for its peaceful residential setting and strong community vibe, Fairfield offers a welcoming environment with easy access to both natural and urban amenities.
Fairfield is characterized by its friendly community and relaxed atmosphere. It hosts various local events and markets, such as the Fairfield Farmers Market, fostering a sense of belonging and community engagement among residents.
Fairfield's housing market is characterized by its strong family appeal and community-oriented living. The suburb offers a range of properties, from spacious family homes to modern apartments, catering to a diverse demographic including families, professionals, and retirees.
Due to its serene environment and proximity to natural parklands, Fairfield is a sought-after suburb, resulting in steady demand and competitive property prices. The rental market is also popular, appealing to those who seek to enjoy the suburb’s tranquil lifestyle while maintaining easy access to the city.
Last month Fairfield had 20 properties available for rent and 40 properties for sale. Median property prices over the last year range from $1,632,500 for houses to $600,000 for units. If you are looking for an investment property, consider houses in Fairfield rent out for $800 PW with an annual rental yield of 2.6% and units rent for $445 PW with a rental yield of 4.4%. Fairfield has seen an annual compound growth rate of 5.7% for houses and 11.1% for units.
Overall, Fairfield's combination of community spirit, natural beauty, and convenient location make it a charming and appealing suburb for those looking for a balanced lifestyle within reach of Melbourne’s urban core.
