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%.