Suburb Profile Report for Fairlight NSW (2094)

Fairlight House: Median price $1,920,000, Annual capital growth 6.08%, Number of sales 46, Weekly median advertised rent $1,373

Fairlight Unit: Median price $1,250,000, Annual capital growth 7.60%, Number of sales 80, Weekly median advertised rent $730

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.05% for the last 12 months, Fairlight, 2094 has performed for property investments than its average annual 6.08% property growth over the last 5 years.

A 62.92% growth in median value for property investors in Fairlight,2094 puts this suburb at number 1115th in terms of best performing suburbs in NSW

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 -6.79% is being offered, which puts this NSW suburb at 1375th most discounted overall in Australia.

In the last year 46 properties changed hands in Fairlight, which puts it as the 697th most active market in NSW when comparing the number of sales per suburb.

Property investors who have had real estate in Fairlight, 2094 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.20%

Fairlight,2094 was ranked 1359 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Fairlight are currently offering property investors an average price cut of -4.08% below the asking price at the moment.

Often selling an investment property can take time, and in Fairlight the average time real estate has been on the market is 46.44 days.

With the median price for a house in Fairlight being $1250000 and the advertised rent reaching $730 the gross rental yield for property investors calculates out to be 3.04%

HOUSE UNIT
$1,920,000 $1,250,000
-0.78% -2.80%
1.05% 18.20%
6.08% 7.60%
$1,373 $730
46 80
3.72% 3.04%
54.36 46.44

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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