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%.
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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.