Blacksmiths vs Fairy Meadow

Houses cost about the same in both suburbs: the median house price is $1.4M in Blacksmiths and $1.4M in Fairy Meadow.

For units, Blacksmiths sits at a median of $280K against $620K in Fairy Meadow, which makes Blacksmiths the more affordable unit market and Fairy Meadow the pricier one.

Over the past year house prices moved +10.3% in Blacksmiths and +9.9% in Fairy Meadow, so recent momentum favours Blacksmiths, although both suburbs recorded growth.

Looking back three years, Blacksmiths houses are +38.1% and Fairy Meadow houses +19.4%, so Blacksmiths has compounded faster than Fairy Meadow over the longer window.

Rental vacancy is 1.4% in Fairy Meadow and 2.0% in Blacksmiths, so landlords in Fairy Meadow face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Fairy Meadow is the bigger suburb, with a population of 7,512 against 1,881, roughly 4.0 times the size of Blacksmiths; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Blacksmiths for recent price momentum, Fairy Meadow for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.