Fairfield, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Fairfield
VICCensus 2021 · Population 6,541
Fairfield, VIC, is a suburb with a population of 6,541, characterized by a median age of 37, slightly younger than the Victorian average of 38. The suburb has a balanced gender distribution with 48.3% males and 51.7% females. Families in Fairfield are diverse, with 45.3% being couples with children and 41.3% couples without children. The suburb has a high level of educational attainment, with 50.3% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. The median household income in Fairfield is $1,967 per week, which is above the Victorian average of $1,759.
Key Highlights
- Highly educated population - 50.3% hold bachelor degrees (vs VIC 29.2%)
- Above average household income - $1,967 weekly (vs VIC $1,759)
- High work-from-home rate - 43.6% (vs VIC 25.7%)
- Diverse housing options - 43.7% separate houses, 34.6% apartments
- Low unemployment rate - 4.0% (vs VIC 5.0%)
Things to Consider
- Higher rental rates with 41.4% renting (vs VIC 28.5%)
- Lower percentage of separate houses - 43.7% (vs VIC 73.4%)
- Significant mental health conditions reported at 12.6%
- High proportion of single-person households at 37.9%
- Potential challenges for first-home buyers due to high property costs
What's it like living here?
Daily life in Fairfield offers a blend of urban convenience and community feel. With 43.6% of residents working from home, the suburb supports flexible work arrangements. Commuting is varied, with 28.8% driving and 6.2% using public transport. The suburb has a vibrant community with a mix of cultural backgrounds, with 73.8% of residents born in Australia and a significant Greek and Italian presence.