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Fairfield (VIC) property development snapshot

GoSiteHunt Research · Victoria · North Eastern Melbourne · sales Apr-Jun 2025 · rents moving annual median, year to Sep 2025

$2,050,000
Median house price · Apr-Jun 2025
+24.6%
Median change, year on year
17
House sales in the period
$850/wk
Median rent · 3-bed houses
2.2%
Indicative gross yield

Median rents by bedroom — Fairfield-Alphington rental area

Type1-bed2-bed3-bed4+ bedAll
House$650/wk (25 bonds)$850/wk (69 bonds)$1113/wk (26 bonds)
Unit$400/wk (248 bonds)$575/wk (227 bonds)$815/wk (40 bonds)

Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.

What the data suggests for developers.

At around 2.2% gross, rent barely registers against the $2,050,000 median — this is an end-value-led market. A feasibility in Fairfield stands or falls on the sale price of the finished product, and holding costs bite harder while you build. The median moved +24.6% year-on-year on 17 sales — momentum is real, but never pay for it twice: if the asking price already banks the growth, the residual land value has to be run on today's evidence, not the trend line. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.

Check a specific address in Fairfield.

This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.

Related suburb snapshots: Alphington · Bundoora · Eltham

State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub

Granularity & method.

Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.

Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.