Fairfield is one of Melbourne's most dynamic inner-north gentrification stories — a formerly working-class suburb that has transformed with a vibrant Station Street café and restaurant strip rivalling Fitzroy, excellent Scotch College and Ivanhoe Grammar proximity, and direct Yarra River access through Fairfield Park's historic boathouse. Its younger demographic (median age 34), strong arts and creative community, and consistent price growth driven by Northcote overflow buyers establish it as one of Melbourne's premier sub-$1.3M inner-suburban investment opportunities. At the current $1.28m median house price, an 80% loan at 6.25% over 30 years is about $6,305 per month.
| Median house price | $1,280,000 |
|---|---|
| Median unit price | $660,000 |
| Estimated monthly repayment | $6,305 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6.5% |
| Gross rental yield | 3.6% |
| Typical days on market | 16 |
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