Property value increases in Fairlight have tracked just lower than the NSW average of 7.47% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fairlight has increased when compared to the 5 year average annual rate.
The most recent median price for Fairlight is $1980200, with sellers offering an average of -6.79% off the asking price.
With the median price for a house in Fairlight being $1980200 and the advertised rent reaching $1350 the gross rental yield for property investors calculates out to be 3.55%
Fairlight is an average performer in NSW when comparing median price capital growth over the last year. Fairlight gave property investors a average capital gain figure when compared to the rest of the state, with 7.49%.
While Fairlight,2094 ranked number 466th in NSW for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
The most recent median price for Fairlight is $1236111, with sellers offering an average of -4.46% off the asking price.
At number 225 in a list of fastest selling suburbs, Fairlight is in the TOP 20% of suburbs in Australia with an average of days on market 48.75 for properties listed there.
The NSW suburb of Fairlight, 2094 is in the Manly local government area.