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.
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