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%.
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
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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.Close