Fairlight has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 18.86% to date .
Fairlight,2094 has offered an average of 18.86% return per annum in house price rises to property investors over the last three years.
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 -3.08% is being offered, which puts this NSW suburb at 3454th most discounted overall in Australia.
Fairlight, 2094’s gross rental yield is 2.93%
NSW has seen average median house prices change by 8.31% which means that Fairlight, 2094 has done well for property investors by showing a capital gain of -1.24% over the last year
A 81.95% growth in median value for property investors in Fairlight,2094 puts this suburb at number 483th in terms of best performing suburbs in NSW
On average over the past year, suburb has had 10.00 sales per month, which equates to 120 per year.
A $750 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 7.13%.
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