Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $635,000, Annual capital growth 8.39%, Number of sales 39, Weekly median advertised rent $350

Manifold Heights Unit: Median price $330,000, Annual capital growth 6.25%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Manifold Heights, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.87%

Comparing Manifold Heights,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Manifold Heights 3218 should be seeing an average reduction in asking price of around -5.17% . This means that Manifold Heights is holding prices well when compared to other suburbs in VIC.

At number 2116 in a list of fastest selling suburbs, Manifold Heights is just in the bottom half of suburbs in Australia with an average of days on market 85.15 for properties listed there.

With the median price for a house in Manifold Heights being $635000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.87%

At number 202th in the list of Australian suburbs ordered by increase in median house value over the last year, Manifold Heights, 3218 is in the top 20% with a property value increase of 15.79% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of 15.79% over the period. This ranks it number 628th in the whole country for real estate investors looking at median house price increases.

Manifold Heights3218 is located in VIC which offers an average discount of -5.07% to property investors. Manifold Heights itself is showing figures that indicate -4.71% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Manifold Heights have been waiting around 43 days to sell a property.

The VIC suburb of Manifold Heights, 3218 is in the Greater Geelong local government area.

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April 2017

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Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary

Metro suburb soars to new heights

Median house price: $583,050

Three-year growth: 14.32%

Rental yield: 3.17%

Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.

Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.

One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.
 

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Metrics i HOUSE UNIT
$635,000 $330,000
2.42% 21.77%
25.87% 15.79%
8.39% 6.25%
$350 $280
39 13
2.87% 4.41%
85.15 43

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 2606
Median household income ($/weekly) 1208
Median age of persons 38
Median housing loan repayment ($/monthly) 1699
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 12.4
    25-34 years 325 12.5
    35-44 years 344 13.2
    45-54 years 413 15.8
    55-64 years 285 10.9
    Others 916 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 947 48.3
    Not Married 865 44.1
    Defacto Relationship 149 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2198 87.5
    Indonesia 30 1.2
    Japan 33 1.3
    United Kingdom 78 3.1
    Other 46 1.8
    Others 127 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1722 70.8
    Hinduism 18 0.7
    Islam 36 1.5
    No Religion 634 26.1
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 109 11.8
    $600-$799 103 11.1
    $800-$999 80 8.6
    $1,250-$1,499 95 10.3
    $1,500-$1,999 111 12.0
    Others 428 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 776 38.2
    Not in the labour force 642 31.6
    Employed, worked part-time 452 22.3
    Unemployed, looking for work 82 4.0
    Employed, away from work 77 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 156 11.9
    Professionals 341 26.1
    Technicians & trades workers 181 13.8
    Community & personal service workers 148 11.3
    Clerical & administrative workers 162 12.4
    Others 321 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.9
    Infants/Primary 215 32.4
    Secondary 178 26.8
    Technical or Further Educational Institution 72 10.9
    University or other Tertiary Institutions 138 20.8
    Others 14 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2082 84.0
    Semi-detached, row or terrace house, townhouse 199 8.0
    Flat, unit or apartment 194 7.8
    House or flat attached to a shop, office 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 351 34.9
    Being purchased 339 33.7
    Rented 313 31.1
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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