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Failford suburb profile

Failford is a tranquil rural suburb located in the Mid North Coast region of New South Wales, offering a peaceful lifestyle amidst natural beauty. Situated near the Wallamba River, it provides residents with opportunities for fishing, boating, and enjoying the serene waterside environment. The suburb is characterized by its lush greenery, spacious properties, and a close-knit community atmosphere. While Failford offers a quiet retreat, it is conveniently positioned within driving distance to the larger towns of Taree and Forster, providing access to a range of amenities and services. Its blend of rural charm and proximity to coastal attractions makes Failford an appealing choice for those seeking a relaxed lifestyle.

Failford property market performance

Failford's property market has shown limited activity over the past 12 months, with no change in median house or unit values. The median house price and median unit price remain unchanged at $0, reflecting inactivity in the market. Only four houses were sold, and no units changed hands over this period.

The median time on the market for houses stands at 57 days, indicating a slow turnover. With no unit sales recorded, there is insufficient data to assess the unit market dynamics.

Rental activity has also been stagnant, with average rents for houses and units remaining at $0. There has been no change in rent prices over the past year, pointing to a dormant rental market in Failford.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-5.0%N/A
Sold
Past 3 months
4N/A
Median days on market
Past 12 months
57N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Failford demographics

Failford, located in the picturesque Mid North Coast region of New South Wales, is a tranquil suburb known for its serene environment and close-knit community. With a population of just 748, it offers a peaceful lifestyle away from the hustle and bustle of larger cities. The median age of 58 indicates a mature community, with many residents likely enjoying retirement or a slower pace of life amidst the natural beauty of the area.

The suburb's housing landscape is predominantly characterized by home ownership, with a significant 69.9% of properties owned outright. This high rate of outright ownership suggests a stable and established community, with many long-term residents. Additionally, 24.3% of properties are owned with a mortgage, while only a small fraction, 5.8%, are rented, highlighting the suburb's appeal to those seeking permanent residence.

Family structures in Failford are diverse, with 63.3% of families being couples without children, reflecting the suburb's appeal to retirees and empty nesters. Meanwhile, 26.5% of families are couples with children, and 8.8% are one-parent families, indicating a supportive environment for families of all types. The median total household income of $1005 per week aligns with the area's relaxed lifestyle, where residents value quality of life over the fast-paced demands of urban living.

Failford infrastructure, key developments and investment opportunities

Failford currently has no major announced redevelopment or transport projects that stand out as likely to materially shift the property market in the near term. The suburb’s appeal continues to come mainly from its semi-rural setting, access to the Wallamba River, and its connection to nearby Forster and Tuncurry, which support lifestyle demand.

Local housing supply appears limited, with demand centred on acreage and lifestyle properties rather than large-scale new development. For buyers, that can help preserve scarcity value; for sellers, it can support steady interest from tree-change and sea-change purchasers. Overall, Failford’s market is more influenced by lifestyle amenity than by major infrastructure change at this time.

Failford rental market trends

The rental market in Failford has remained stable, with no change in house or unit rents over the past year, both holding at $0 per week. This indicates a unique market position, providing an opportunity for analysis on potential growth or changes in the near future.

Suburbs near Failford

Some popular suburbs near Failford include:

How does Failford compare to nearby suburbs?

  • House price growth: Property prices in nearby Nabiac have risen 20.8% more than in Failford over the past year.
  • Selling speed for houses: Properties in Failford are selling 3.4% faster than in Nabiac.

Common questions about Failford

  • Is Failford a nice place to live?

    Failford is a delightful place to live, offering a serene and peaceful lifestyle amidst the natural beauty of the Mid North Coast. Known for its tranquil rural charm, this suburb is perfect for those who appreciate a slower pace of life and a close-knit community. The lush greenery and spacious properties provide a picturesque backdrop for residents who enjoy outdoor activities such as fishing and boating on the nearby Wallamba River. The suburb's proximity to larger towns like Taree and Forster ensures that residents have access to essential amenities and services, making it a convenient yet peaceful retreat.

    Families will find Failford to be a welcoming environment, with its supportive community and safe surroundings. The suburb is particularly appealing to those who value a relaxed lifestyle, with plenty of opportunities for outdoor recreation and quality family time. While Failford may not offer the bustling nightlife or extensive shopping options of a city, its charm lies in its peaceful atmosphere and the strong sense of community among its residents.

    One trade-off of living in Failford is the limited public transport options, which means residents may need to rely on cars for commuting to nearby towns. Additionally, the housing market is characterized by acreage and lifestyle properties, which may not suit everyone’s preference or budget. However, for those seeking a tranquil lifestyle with the benefits of a rural setting and easy access to coastal attractions, Failford is a charming and appealing choice.

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  • Is it expensive to live in Failford?

    Failford, a rural area in New South Wales, presents a unique scenario when it comes to the cost of living. With the median total household income sitting at $1,005 per week, it falls below the state average annual salary of approximately $90,000. This indicates that the income levels in Failford are somewhat lower compared to the broader state average.

    Interestingly, the current median house and unit prices, as well as rental prices, are not available for Failford. This could be due to its rural nature, where property transactions might be less frequent or data is not as readily captured. However, this lack of pricing data suggests that housing costs might not be as high as in more urbanized areas of New South Wales, potentially making it more affordable for residents in terms of property expenses.

    Overall, while the income levels in Failford are lower than the state average, the absence of high property costs could balance out the living expenses, making it a potentially affordable place to live, especially for those who enjoy a rural lifestyle and the benefits that come with it.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Failford a good place to invest?

    Failford presents a unique investment opportunity for those looking for stability in the real estate market. Over the past 12 months, the suburb has experienced no change in median house and unit values, as well as rental prices. This stability can be appealing to investors who prefer a market with minimal volatility and are looking for a safe place to park their money.

    While the lack of growth might not attract those seeking quick returns, Failford's steady market conditions suggest a low-risk environment. This can be particularly attractive for investors who value consistency and are interested in long-term investment strategies. The suburb's peaceful setting and proximity to natural attractions make it a desirable location for families and retirees, which can help maintain demand for rental properties.

    Overall, Failford offers a reliable investment option for those who prioritize stability and are willing to wait for potential future growth. Its consistent market performance and appealing lifestyle factors make it a solid choice for investors seeking a dependable addition to their property portfolio.

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Choose the right real estate agents in Failford

There are 12 real estate agents in Failford, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 68.2% of all sales in the past year.

Commission rates in Failford typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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