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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
-4.2%N/A
Sold
Past 3 months
3N/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.

Suburbs near Failford

Some popular suburbs near Failford include:

  • Darawank: Known for its rural charm and proximity to the Wallamba River, Darawank is located to the northeast of Failford.
  • Hallidays Point: A coastal suburb known for its beautiful beaches and relaxed lifestyle, Hallidays Point is situated to the southeast of Failford.
  • Nabiac: Offering a quaint village atmosphere with a strong community spirit, Nabiac lies to the southwest of Failford.
  • Tallwoods Village: Known for its golf course and scenic views, Tallwoods Village is located to the east of Failford.
  • Rainbow Flat: Featuring a mix of rural and residential properties, Rainbow Flat is situated to the south of Failford.

How does Failford compare to nearby suburbs?

  • House price growth: Property prices in nearby Nabiac have risen 27.2% more than in Failford over the past year.
  • Selling speed for houses: Properties in Failford are selling 3.4% faster than in Nabiac.

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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