Manilla has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.62% to date .
Comparing Manilla,2346 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Manilla is $250000, with sellers offering an average of -7.39% off the asking price.
In the last year 55 properties changed hands in Manilla, which puts it as the 582th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 5.82%
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