Manly Vale has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.69% to date .
Manly Vale,2093 was ranked 1314 in Australia by increase in median property value over the quarter.
With the median price for a house in Manly Vale being $1550000 and the advertised rent reaching $840 the gross rental yield for property investors calculates out to be 2.82%
Manly Vale is an average performer in NSW when comparing median price capital growth over the last year. Manly Vale gave property investors a average capital gain figure when compared to the rest of the state, with 8.68%.
Manly Vale,2093 has offered an average of 8.68% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Manly Vale are currently offering property investors an average price cut of -4.13% below the asking price at the moment.
In the last year 109 properties changed hands in Manly Vale, which puts it as the 127th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 6.30%, investors should hope to achieve an overall return of 3.88%