Suburb Profile Report for Fairlight NSW (2094)

Fairlight House: Median price $2,200,000, Annual capital growth 7.02%, Number of sales 52, Weekly median advertised rent $1,350

Fairlight Unit: Median price $1,200,000, Annual capital growth 7.68%, Number of sales 71, Weekly median advertised rent $735

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

With a capital gain of -4.76% for the last 12 months, Fairlight, 2094 has performed for property investments than its average annual 7.02% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Fairlight comes in at number 490th 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 -2.81% is being offered, which puts this NSW suburb at 3022th most discounted overall in Australia.

In the last year 52 properties changed hands in Fairlight, which puts it as the 495th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Fairlight, 2094 is in the Northern Beaches (A) local government area.

At number 1004th in the list of Australian suburbs ordered by increase in median house value over the last year, Fairlight, 2094 is in the BOTTOM 40% with a property value increase of -5.88% recorded in median house prices.

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.

LACK OF BUYER INTEREST may well be the reason that Fairlight is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 239th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Fairlight the average time real estate has been on the market is 39.5833 days.

A $735 per week rent on the median house gives suburb investors a gross yield of circa 3.19%, without taking into account capital value appreciation, which has been averaging out at 7.68%.

Information supplied by:


April 2017

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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.

Metrics i HOUSE UNIT
$2,200,000 $1,200,000
0.00% 5.26%
-4.76% -5.88%
7.02% 7.68%
$1,350 $735
52 71
3.19% 3.19%
62.5555555555556 39.5833333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Fairlight NSW
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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