Giving property investors a a solid capital gain of 16.32% for the last year, Fairlight, 2094 is the 738th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fairlight has increased when compared to the 5 year average annual rate.
Fairlight, 2094 is offering NSW ‘s 1042th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
Renters in Suburb are facing rents around $16200 per annum or $1350 every week.
Property value increases in Fairlight have tracked lower than the NSW average of 8.63% over the last 12 months.
If we look at median property appreciation over just the last three months, Fairlight has given property investors a paper return of -3.94%. This puts Suburb as 509 on a list of fastest fasting appreciating suburbs in NSW
Fairlight is 531th on a list of best yielding suburbs for rents in NSW with a 2.97% return
Near the shore, the suburb of Fairlight displays a strong growth trend, indicating its long-term potential. The suburb, which sits between Balgowlah and Manly, has an average annual growth rate of 7.8%.Full summary
Information supplied by:
Suburb with a view looks at a bright future
Median unit price: $1,250,000
Three-year growth: 49.70%
Rental yield: 3.10%
Near the shore, the suburb of Fairlight displays a strong growth trend, indicating its long-term potential.
The suburb, which sits between Balgowlah and Manly, has an average annual growth rate of 7.8%. The price hike in the past year reached nearly 24%, and the median unit price has been recorded at $1,250,000. This is likely attributed to Fairlight being just 13km from the Sydney CBD.
Investors won’t get remarkably high yields from renting out apartments, but sellers will enjoy being able to get interested buyers even at a discount rate of just 3.72%. The spike in demand is clearly evidenced by the sharp drop in the average vacancy rate to 1.56%.
Fairlight Beach is part of the Manly Scenic Walkway, and is a well-known swimming and snorkelling destination. Spectators can also watch yacht races from this spot. Sydney Road houses Fairlight’s shopping hub.Close