Manly has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.60% to date .
Taking the average capital gain, or increase in median house value, Manly,4179 has racked up an average of 2.60% over the period. This ranks it number 1569th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Manly itself are offering an average vendor discount of -6.36% to real estate investors.
Residents and property investors in Manly have been waiting around 85.36 days to sell a property.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.95%, investors should hope to achieve an overall return of 3.03%
With a capital gain of 6.25% for the last 12 months, Manly, 4179 has performed for property investments than its average annual 8.28% property growth over the last 5 years.
Over the longer term, Manly has seen property prices show investors a 18.60% return over the last 3 years. This is worse than over the last 12 months
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.28%, investors should hope to achieve an overall return of 4.18%