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Suburb Insights ยท VIC 3078

Fairfield 3078, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Fairfield is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 6,535, making it a smaller community. Located approximately 6 km from the Melbourne CBD, Fairfield is a middle ring area in Victoria. The median household income is $102,284 AUD per year (ABS 2021 Census).

Investment Score

72 / 100 Good

Strong household incomes in Fairfield underpin solid property demand. Its proximity to the CBD adds a strong location premium.

Location

Map shows Fairfield, Victoria, Australia.

Key Indicators

Postcode
3078

Official Australia Post postcode for Fairfield. A postcode may cover multiple suburbs.

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Population
6,535

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$369/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$102,284/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
6 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
3

Estimated 3 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
39% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Fairfield's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $369/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $102,284/year supports premium property values and indicates a well-employed resident base. With only 39% separate houses, Fairfield has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

Fairfield's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Fairfield can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation or flip strategies in Fairfield face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Fairfield

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Fairfield enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Overall, investor sentiment toward Fairfield is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Fairfield a good suburb for investment?

Fairfield is a middle ring area in Victoria with a population of 6,535. The median rent is $369/week and the median household income is $102,284/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Fairfield?

Key demand drivers in Fairfield include established amenities and transport access. 39% of dwellings are separate houses. The area has approximately 2 schools and 3 parks nearby.

What is the population of Fairfield?

According to the ABS 2021 Census, Fairfield has a population of approximately 6,535. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Fairfield from the Melbourne CBD?

Fairfield is approximately 6 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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