Manifold Heights, 3218 ranked 20th in VIC when comparing growth in median property values or capital gain over the last 12 months. Manifold Heights is one of 2098 in our list for VIC
Our latest figures would indicate that property sellers in Manifold Heights are currently offering property investors an average price cut of -5.43% below the asking price at the moment.
Advertised rents are around the $345 mark per week – giving a return of 2.47% based on the median price in Suburb
Property value increases in Manifold Heights have tracked just higher than the VIC average of 5.66% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 213th in VIC.
Manifold Heights3218 is located in VIC which offers an average discount of -4.73% to property investors. Manifold Heights itself is showing figures that indicate -3.50% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 7.03%, investors should hope to achieve an overall return of 5.07%
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