Suburb Profile Report for Fairlight NSW (2094)

Fairlight House: Median price $2,200,000, Annual capital growth 7.08%, Number of sales 46, Weekly median advertised rent $1,373

Fairlight Unit: Median price $1,270,000, Annual capital growth 7.59%, Number of sales 114, Weekly median advertised rent $730

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Fairlight have tracked just higher than the NSW average of 10.55% 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 5.77%. This puts Suburb as 255 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.23% offered to property buyers. Sellers in Fairlight itself are offering an average vendor discount of -3.25% to real estate investors.

Often selling an investment property can take time, and in Fairlight the average time real estate has been on the market is 36.3 days.

A $1372.5 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 7.08%.

NSW has seen average median house prices change by 8.01% which means that Fairlight, 2094 has done well for property investors by showing a capital gain of -1.17% over the last year

Over the longer term, Fairlight has seen property prices show investors a 49.06% return over the last 3 years. This is worse than over the last 12 months

Fairlight2094 is located in NSW which offers an average discount of -4.12% to property investors. Fairlight itself is showing figures that indicate -2.22% is the average achievable by property buyers investing in the suburb.

In the last year 114 properties changed hands in Fairlight, which puts it as the 140th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Fairlight, 2094 is in the Manly local government area.

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
$2,200,000 $1,270,000
5.77% -0.78%
16.40% -1.17%
7.08% 7.59%
$1,373 $730
46 114
3.24% 2.99%
36.3 38.24

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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