Suburb Profile Report for Manilla NSW (2346)

Manilla House: Median price $275,000, Annual capital growth 8.28%, Number of sales 54, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Manilla, 2346 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.00%

While Manilla,2346 ranked number 232th in NSW for increase in median house value (annualised) increase, it is ranked 736th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.23% offered to property buyers. Sellers in Manilla itself are offering an average vendor discount of -6.41% to real estate investors.

Often selling an investment property can take time, and in Manilla the average time real estate has been on the market is 132.92 days.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 8.28%.

Information supplied by:


May 2017

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The riverside suburb of Manilla may be a considerable distance from Sydney, but it is thriving. positive growth has been observed for the past five years, with the price increase over the previous 12 months reaching almost 30%.Full summary

Aviation hub flies high
Median house price: $255,000
Three-year growth: 41.67%
Rental yield: 5.71%

The riverside suburb of Manilla may be a considerable distance from Sydney, but it is thriving. Positive growth has been observed for the past five years, with the price increase over the previous 12 months reaching almost 30%.

A major contributor to this suburb’s popularity is the extremely low house prices. The median price is just a little over $250,000, making it an excellent bargain for those on a budget. The average rental yield is also quite high at nearly 6%. Coupled with the long-term growth potential and the affordability, Manilla is an ideal investment.

Manilla is a destination for fishing, since it sits near both Manilla River and Namoi River. It is also internationally known as a hub for aviation sports like paragliding. Community activity is centred on the local library centre.
 

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Metrics i HOUSE UNIT
$275,000 N/A
6.28% N/A
25.00% N/A
8.28% N/A
$280 N/A
54 N/A
5.29% N/A
132.92 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2507
Median household income ($/weekly) 658
Median age of persons 45
Median housing loan repayment ($/monthly) 900
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 347 13.8
    35-44 years 268 10.7
    45-54 years 311 12.4
    55-64 years 375 15.0
    65-74 years 337 13.4
    Others 869 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 853 47.6
    Not Married 779 43.5
    Defacto Relationship 160 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2285 95.5
    Papua New Guinea 16 0.7
    United Kingdom 54 2.3
    United States of America 5 0.2
    Other 8 0.3
    Others 24 1.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1949 84.0
    No Religion 345 14.9
    Other Religious Groups 16 0.7
    Buddhism 6 0.3
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 152 17.2
    $400-$599 185 20.9
    $600-$799 152 17.2
    $800-$999 84 9.5
    $1,000-$1,249 68 7.7
    Others 244 27.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 997 52.4
    Employed, worked full-time 481 25.3
    Employed, worked part-time 283 14.9
    Unemployed, looking for work 89 4.7
    Employed, away from work 51 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 100 12.3
    Professionals 102 12.5
    Technicians & trades workers 122 15.0
    Community & personal service workers 90 11.0
    Labourers 143 17.5
    Others 259 31.7
    Occupation
    Census Count Percent(%)
    Pre-school 48 9.3
    Infants/Primary 230 44.7
    Secondary 150 29.1
    Technical or Further Educational Institution 44 8.5
    University or other Tertiary Institutions 36 7.0
    Others 7 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2129 91.0
    Semi-detached, row or terrace house, townhouse 135 5.8
    Flat, unit or apartment 47 2.0
    House or flat attached to a shop, office 29 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 449 46.1
    Being purchased 267 27.4
    Rented 251 25.7
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals