Investment property in Manifold Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 33.41%
Manifold Heights,3218 has offered an average of 33.41% return per annum in house price rises to property investors over the last three years.
Situated 66.02km from the CBD, Manifold Heights is one of Greater Geelong localities in the postcode 3218.
With a capital gain of 7.02% for the last 12 months, Manifold Heights, 3218 has performed for property investments than its average annual 6.29% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 230th in VIC.
Property buyers and investors in Manifold Heights 3218 should be seeing an average reduction in asking price of around -3.78% . This means that Manifold Heights is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Manifold Heights, 3218’s gross rental yield is 4.94%
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
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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.Close