AREA REPORTS

Fairlight

NSW/
Fairlight

Suburb Profile

Fairlight - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2094

house
unit

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 $2,328,500.

The upward trend in home prices in FAIRLIGHT, 2094 averaged 7.52% per annum over a 3-year period.

Average weekly rents on listings have reached the $1272.5 mark, reflecting a 2.84% increase in returns based on the current median price in FAIRLIGHT.

An average of 5.08 real estate transactions take place per month in FAIRLIGHT which translates to 61 per annum.

61 properties were sold in FAIRLIGHT in 2016, making it the 262nd most active market in NSW based on total real estate transactions.

FAIRLIGHT, 2094 places 413th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,328,500 $1,160,000
GROWTH REPORT
Median Quarterly 0.8% -3.33%
Median 12 month 0.8% -14.14%
Median 3 years 22.55% 9.69%
Median 5 years 68.73% 39.76%
10 years average annual 7.92% 7.43%
Weekly media advert. rent $1272.5 $700
Time on Market 55.6 days 31.8 days
Gross Rental Yield Percent 2.84% 3.14%
demographics (median values)
Total Population
5622
Weekly Household Income
1687
Household Size
2.20
demographics
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