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Coimadai vs Fairfield

Property investment comparison - Coimadai, VIC 3340 vs Fairfield, VIC 3078

Head-to-head across core investment metrics: Coimadai wins 0, Fairfield wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCoimadaiFairfield
Median house price$1.8M$1.8M
Median unit price$660K-
Gross rental yield (houses)1.82%2.59%
Gross rental yield (units)3.38%4.42%
1-year house growth-+6.1%
3-year house growth-+13.2%
Vacancy rate1.4%1.0%
Population4096,535

Coimadai vs Fairfield: what the numbers say

The median house price is $1.8M in Coimadai and $1.8M in Fairfield, so Fairfield is the cheaper entry point, with Coimadai houses about 1% dearer.

On cash flow, Fairfield leads: houses there return a gross rental yield of 2.59%, compared with 1.82% in Coimadai, a gap of 0.77 percentage points.

Rental vacancy is 1.0% in Fairfield and 1.4% in Coimadai, so landlords in Fairfield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Fairfield is the bigger suburb, with a population of 6,535 against 409, roughly 16 times the size of Coimadai; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Fairfield for rental income, Fairfield for a lower purchase price, Fairfield for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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