If you compare the increase in value of investment property in Manly West, 4179 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.61%.
While Manly West,4179 ranked number 384th in QLD for increase in median house value (annualised) increase, it is ranked 215th over the last 5 years.
The most recent median price for Manly West is $590000, with sellers offering an average of -4.86% off the asking price.
In the last year 173 properties changed hands in Manly West, which puts it as the 80th most active market in QLD when comparing the number of sales per suburb.
A $455 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 4.76%.
Manly West, 4179 ranked 119th in QLD when comparing growth in median property values or capital gain over the last 12 months. Manly West is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Manly West has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Manly West should be aiming for at least -8.66% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 60 properties changed hands in Manly West, which puts it as the 148th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Manly West, 4179 is in the Brisbane local government area.