Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $4,100,000.
The upward trend in home prices in FAIRLIGHT, 2094 averaged 7.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $1345 mark, reflecting a 1.71% increase in returns based on the current median price in FAIRLIGHT.
An average of 3.42 real estate transactions take place per month in FAIRLIGHT which translates to 41 per annum.
41 properties were sold in FAIRLIGHT in 2016, making it the 519th most active market in NSW based on total real estate transactions.
FAIRLIGHT, 2094 places 48th in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,880,000.
Average median unit prices in NSW have risen as a whole, pulling FAIRLIGHT, 2094 values up and netting property investors a capital gain of 9.3% for the past year.
Investors saw the median home price rise to $1,880,000.
The upward trend in home prices in FAIRLIGHT, 2094 averaged 5.05% per annum over a 3-year period.
FAIRLIGHT now ranks at the 394th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in FAIRLIGHT are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $1050 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In FAIRLIGHT, homes and units usually stay on listing for an average of 30.4 days.
80 properties were sold in FAIRLIGHT in 2016, making it the 50th most active market in NSW based on total real estate transactions.