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Fairhaven, VIC 3231
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,530,000
market range $1.3M-$2.0M
Median Unit
$1,380,000
Gross Yield (houses)
1.7%
1yr Growth (houses)
-13.2%
market range -32.5% to +5.0%
Investment snapshot for Fairhaven
Fairhaven has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Fairhaven market and investor summary
In Fairhaven, VIC 3231, the median house sells for around $1.5M, on a gross rental yield of 1.7% for houses. House prices have moved -13.2% over the past year. At 3.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 169 days on market, so plan for a slower exit if you ever need one.
Living in Fairhaven: people, income and schools
About 390 people live in Fairhaven, and the area has been growing steadily, up about 7% over five years. At a median age of 56, it reads as an older, established demographic, and 90% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $105,000 a year (about $2,020 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 30% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Getting around leans on public transport or a car; the suburb scores 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 390
- +7% over 5yr
- Median age
- 56 years
- Median household income
- $105,000/yr
- Households renting
- 5%
- Family households
- 75%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1076
- Unemployment
- 1.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Fairhaven
No properties currently listed in Fairhaven
Search Fairhaven listings →Frequently asked questions about Fairhaven
What should I check before investing in Fairhaven?
Fairhaven has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Fairhaven?
The median property price in Fairhaven, VIC 3231 is $1.5M for houses and $1.4M for units.
What rental yield does Fairhaven show?
The gross rental yield in Fairhaven is 1.7% for houses and 2.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Fairhaven?
House prices in Fairhaven are down 13.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Fairhaven?
The current vacancy rate in Fairhaven is 3.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Fairhaven?
Fairhaven has a population of approximately 390 residents, with a median age of 56.
What schools are near Fairhaven?
There are 1 school within roughly 5km of Fairhaven. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Fairhaven affordable to buy in?
A median house in Fairhaven costs about 14.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Fairhaven's population growing?
The population of Fairhaven has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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