Suburb Profile Report for Manly West QLD (4179)

Manly West House: Median price $585,000, Annual capital growth 4.87%, Number of sales 179, Weekly median advertised rent $450

Manly West Unit: Median price $429,000, Annual capital growth 6.06%, Number of sales 64, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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 4.46%.

Across a shorter period, Manly West, 4179 has seen a median price increase of 0.00% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Manly West, 4179. Typically our figures indicate that -4.49% is being offered, which puts this QLD suburb at 2902th most discounted overall in Australia.

At number 539 in a list of fastest selling suburbs, Manly West is in the TOP 20% of suburbs in Australia with an average of days on market 50.31 for properties listed there.

Manly West is 590th on a list of best yielding suburbs for rents in QLD with a 4.00% return

Manly West, 4179 ranked 39th 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 buyers and investors in Manly West 4179 should be seeing an average reduction in asking price of around -6.51% . This means that Manly West is holding prices well when compared to other suburbs in QLD.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 6.06%.

Metrics i HOUSE UNIT
$585,000 $429,000
0.00% -0.12%
4.46% 12.30%
4.87% 6.06%
$450 $410
179 64
4.00% 4.97%
50.31 53.47

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11194
Median household income ($/weekly) 1458
Median age of persons 38
Median housing loan repayment ($/monthly) 2058
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1602 14.3
    25-34 years 1288 11.5
    35-44 years 1799 16.1
    45-54 years 1566 14.0
    55-64 years 1135 10.1
    Others 3804 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 4340 52.5
    Not Married 3117 37.7
    Defacto Relationship 804 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8745 81.2
    Papua New Guinea 536 5.0
    South Africa 96 0.9
    United Kingdom 664 6.2
    Other 237 2.2
    Others 490 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 108 1.0
    Christianity 7957 76.0
    Islam 50 0.5
    Other Religious Groups 39 0.4
    No Religion 2281 21.8
    Others 28 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 341 9.2
    $600-$799 300 8.1
    $1,500-$1,999 501 13.5
    $2,000-$2,499 440 11.8
    $2,500-$2,999 377 10.1
    Others 1756 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3624 42.6
    Not in the labour force 2732 32.1
    Employed, worked part-time 1623 19.1
    Employed, away from work 283 3.3
    Unemployed, looking for work 253 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 690 12.5
    Professionals 1150 20.8
    Technicians & trades workers 790 14.3
    Clerical & administrative workers 971 17.6
    Sales 542 9.8
    Others 1388 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 162 6.2
    Infants/Primary 1105 42.4
    Secondary 689 26.4
    Technical or Further Educational Institution 219 8.4
    University or other Tertiary Institutions 377 14.5
    Others 55 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9400 87.5
    Semi-detached, row or terrace house, townhouse 1117 10.4
    Flat, unit or apartment 225 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1542 38.7
    Fully owned 1322 33.2
    Rented 989 24.8
    Other tenure type 130 3.3
    Tenure Type
Census 2011, ABS
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