Fairfield vs Ormond
Property investment comparison - Fairfield, VIC 3078 vs Ormond, VIC 3204
Head-to-head across core investment metrics: Fairfield wins 4, Ormond wins 0. 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.
| Metric | Fairfield | Ormond |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | - | $720K |
| Gross rental yield (houses) | 2.59% | 2.59% |
| Gross rental yield (units) | 4.42% | 4.06% |
| 1-year house growth | +6.1% | -5.0%estimate |
| 3-year house growth | +13.2% | - |
| Vacancy rate | 1.0% | 1.9% |
| Population | 6,535 | 8,328 |
Fairfield vs Ormond: what the numbers say
The median house price is $1.8M in Fairfield and $1.8M in Ormond, so Fairfield is the cheaper entry point, with Ormond houses about 3% dearer.
Gross rental yield on houses is effectively level, at 2.59% in Fairfield and 2.59% in Ormond, so neither suburb has a cash flow edge on houses.
Over the past year house prices moved +6.1% in Fairfield and -5.0% in Ormond (an estimate), so recent momentum favours Fairfield, while Ormond went backwards.
Rental vacancy is 1.0% in Fairfield and 1.9% in Ormond, so landlords in Fairfield face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ormond is the bigger suburb, with a population of 8,328 against 6,535, larger than Fairfield; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Fairfield for a lower purchase price, Fairfield for recent price momentum, Fairfield for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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