Investment property in Fairlight has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.07%
Comparing Fairlight,2094 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Fairlight 2094 should be seeing an average reduction in asking price of around -1.40% . This means that Fairlight is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $1400 weekly from the median priced house in this suburb.
With a capital gain of 7.65% for the last 12 months, Fairlight, 2094 has performed for property investments than its average annual 7.35% property growth over the last 5 years.
Fairlight,2094 was ranked 279 in Australia by increase in median property value over the quarter.
Vendor discounting in Fairlight is giving property investors an average Vendor Discount of around -10.16%. This puts suburb at number 6th in NSW when ranking the most discounted suburbs.
With the median price for a house in Fairlight being $1351000 and the advertised rent reaching $745 the gross rental yield for property investors calculates out to be 2.87%
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