Suburb Profile Report for Fairlight NSW (2094)

Fairlight House: Median price $2,025,000, Annual capital growth 6.42%, Number of sales 46, Weekly median advertised rent $1,350

Fairlight Unit: Median price $1,270,000, Annual capital growth 8.09%, Number of sales 94, Weekly median advertised rent $748

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Fairlight, 2094 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.58%.

Over the longer term, Fairlight has seen property prices show investors a 44.64% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Fairlight is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 255th in terms of most discounted suburbs in NSW

With the median price for a house in Fairlight being $2025000 and the advertised rent reaching $1350 the gross rental yield for property investors calculates out to be 3.47%

If you compare the increase in value of investment property in Fairlight, 2094 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.48%.

Comparing Fairlight,2094 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Fairlight should be aiming for at least -2.22% off the asking price, which is the average vendor discount being achieved at the moment.

Fairlight, 2094’s gross rental yield is 3.06%

Information supplied by:


April 2017

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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

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
Metrics i HOUSE UNIT
$2,025,000 $1,270,000
5.47% 1.60%
6.58% 9.48%
6.42% 8.09%
$1,350 $748
46 94
3.47% 3.06%
43.19 45.11

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Fairlight NSW
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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