Over the last year, property investments in Fairlight, 2094 have given investors a capital gain of 11.05%. This compares averagely with the 9.74% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Fairlight comes in at number 370th in NSW.
The most recent median price for Fairlight is $2110000, with sellers offering an average of -3.39% off the asking price.
Fairlight is 714th on a list of best yielding suburbs for rents in NSW with a 3.33% return
Property investors who have had real estate in Fairlight, 2094 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.28%
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.
LACK OF BUYER INTEREST may well be the reason that Fairlight is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 415th in terms of most discounted suburbs in NSW
The NSW suburb of Fairlight, 2094 is in the Manly local government area.
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
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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