Suburb Profile Report for Fairlight NSW (2094)

Fairlight House: Median price $1,920,000, Annual capital growth 6.06%, Number of sales 48, Weekly median advertised rent $1,373

Fairlight Unit: Median price $1,250,000, Annual capital growth 7.64%, Number of sales 80, Weekly median advertised rent $750

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Fairlight has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.59%

While Fairlight,2094 ranked number 1260th in NSW for increase in median house value (annualised) increase, it is ranked 442th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Fairlight is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 270th in terms of most discounted suburbs in NSW

Situated 10.28km from the CBD, Fairlight is one of Manly localities in the postcode 2094.

Giving property investors a a solid capital gain of 11.61% for the last year, Fairlight, 2094 is the 336th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Fairlight,2094 has racked up an average of 11.61% over the period. This ranks it number 74th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Fairlight 2094 should be seeing an average reduction in asking price of around -4.41% . This means that Fairlight is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.

A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 7.64%.

Metrics i HOUSE UNIT
$1,920,000 $1,250,000
-3.04% -2.76%
1.59% 11.61%
6.06% 7.64%
$1,373 $750
48 80
3.72% 3.12%
52.17 48.65

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 5489
Median household income ($/weekly) 2213
Median age of persons 37
Median housing loan repayment ($/monthly) 3000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 482 8.8
    25-34 years 990 18.0
    35-44 years 1078 19.6
    45-54 years 723 13.2
    55-64 years 573 10.4
    Others 1644 29.9
    Age Group
    Census Count Percent(%)
    Registered Married 2011 48.5
    Not Married 1556 37.5
    Defacto Relationship 579 14.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3452 66.1
    Papua New Guinea 161 3.1
    South Africa 87 1.7
    United Kingdom 779 14.9
    Other 263 5.0
    Others 480 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 1.4
    Christianity 3189 63.7
    Hinduism 18 0.4
    Other Religious Groups 19 0.4
    No Religion 1676 33.5
    Others 31 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 228 11.3
    $2,000-$2,499 176 8.7
    $2,500-$2,999 334 16.5
    $3,000-$3,499 183 9.1
    $4,000 or more 271 13.4
    Others 829 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2080 48.2
    Not in the labour force 1087 25.2
    Employed, worked part-time 874 20.2
    Employed, away from work 175 4.1
    Unemployed, looking for work 101 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 602 19.2
    Professionals 1189 38.0
    Community & personal service workers 257 8.2
    Clerical & administrative workers 405 12.9
    Sales 244 7.8
    Others 433 13.8
    Occupation
    Census Count Percent(%)
    Pre-school 116 10.7
    Infants/Primary 342 31.5
    Secondary 225 20.7
    Technical or Further Educational Institution 98 9.0
    University or other Tertiary Institutions 253 23.3
    Others 52 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2240 43.4
    Separate house 1921 37.2
    Semi-detached, row or terrace house, townhouse 973 18.8
    House or flat attached to a shop, office 28 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 801 36.3
    Fully owned 723 32.8
    Being purchased 674 30.5
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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