With a capital gain of 18.28% for the last 12 months, Manilla, 2346 has performed for property investments than its average annual 8.22% property growth over the last 5 years.
The five-year average increase in median property values for Manilla,2346 has given property investors a potential capital gain of 52.78% across each of those five years.
Our latest figures would indicate that property sellers in Manilla are currently offering property investors an average price cut of -6.68% below the asking price at the moment.
Renters in Suburb are facing rents around $3420 per annum or $285 every week.
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