Property value increases in Fairlight have tracked close to the NSW average of 8.26% over the last 12 months.
While Fairlight,2094 ranked number 686th in NSW for increase in median house value (annualised) increase, it is ranked 315th over the last 5 years.
Property investors looking for a bargain in Fairlight should be aiming for at least -6.79% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 51 properties changed hands in Fairlight, which puts it as the 640th most active market in NSW when comparing the number of sales per suburb.
Property investors who have had real estate in Fairlight, 2094 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.00%
A 61.76% growth in median value for property investors in Fairlight,2094 puts this suburb at number 460th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Fairlight, 2094. Typically our figures indicate that -2.22% is being offered, which puts this NSW suburb at 1428th most discounted overall in Australia.
In the last year 86 properties changed hands in Fairlight, which puts it as the 184th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $750 weekly from the median priced house in this suburb.
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