Fairfield, Brisbane, QLD

Fairfield is a peaceful, leafy suburb located about 5 kilometers south of Brisbane’s CBD. Nestled along the Brisbane River, this residential suburb is known for its family-friendly environment, spacious parks, and convenient access to the city. Fairfield strikes a balance between quiet suburban living and easy access to urban amenities, making it popular among families, young professionals, and retirees.

Property Market Overview

The suburb boasts a number of charming Queenslander-style homes, which are highly sought after for their character, large blocks, and potential for renovation. Many homes built in the post-war period still exist, offering more affordable options for families and first-home buyers. In recent years, there has been an increase in townhouses and low-rise apartment developments, providing modern living options for young professionals and downsizers.

Median Property Prices

• Houses: The median house price in Fairfield is around $1.1m reflecting strong demand for larger family homes and its proximity to the CBD (September 2024).

• Units and Townhouses: The median price for units and apartments sits at approximately $620,000 offering more affordable entry points for first-time buyers and investors (September 2024).

Rental Market

• Demand and Yields: Fairfield's rental market benefits from its proximity to the city, public transport options, and local schools, making it an attractive option for renters. Investors enjoy steady yields due to consistent demand from families, students, and professionals. Houses have an annual rental yield of 3.7%, with units at 5.7% (September 2024).

• Median Rents: The median rent for houses is approximately $700 per week, while units and apartments rent for around $550 per week, making Fairfield a solid investment option (September 2024).

Lifestyle and Amenities
Fairfield offers a relaxed suburban lifestyle with easy access to essential amenities. Fairfield Gardens Shopping Centre serves as the local hub, offering a range of supermarkets, specialty stores, and cafes. The suburb is also well-serviced by public transport and residents can enjoy a variety of cafes and dining options in nearby suburbs like Annerley and West End.

Schools and Education
Fairfield is well-regarded for its proximity to quality schools and educational institutions. The suburb is located within easy reach of Yeronga State School and St Sebastian’s Primary School. Fairfield’s location also places it near major universities such as the University of Queensland, making it a convenient choice for students.

Recreation and Leisure
The suburb’s leafy streets and ample green spaces contribute to its relaxed, family-friendly atmosphere. Fairfield is home to several parks, including the popular Robinson Park and the extensive green corridors along the Brisbane River. The nearby Fairfield Skate Park and Yeronga Pool provide additional recreational options. For outdoor enthusiasts, the adjacent Brisbane Corso offers walking and cycling paths along the river.

Future Prospects
Fairfield's property market is expected to remain steady, with ongoing interest from families and professionals seeking proximity to the city and a tranquil suburban lifestyle. Continued infrastructure improvements, such as the nearby Cross River Rail project, are likely to boost the suburb’s connectivity and future growth potential. As demand for inner-south suburbs increases, Fairfield is well-positioned for continued development and property value appreciation.