Manly has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.85% to date .
Over the longer term, Manly has seen property prices show investors a 40.00% return over the last 3 years. This is worse than over the last 12 months
Manly4179 is located in QLD which offers an average discount of -7.29% to property investors. Manly itself is showing figures that indicate -6.52% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.31%, investors should hope to achieve an overall return of 2.91%
At number 1312th in the list of Australian suburbs ordered by increase in median house value over the last year, Manly, 4179 is in the BOTTOM 30% with a property value increase of -3.13% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Manly,4179 has racked up an average of -3.13% over the period. This ranks it number 449th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Manly should be aiming for at least -2.70% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $410 weekly from the median priced house in this suburb.