Manifold Heights is in the TOP 10% in VIC when comparing median price capital growth over the last year. Manifold Heights gave property investors a very good capital gain figure when compared to the rest of the state, with 22.75%.
Over the longer term, Manifold Heights has seen property prices show investors a 14.32% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Manifold Heights 3218 should be seeing an average reduction in asking price of around -3.75% . This means that Manifold Heights is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Manifold Heights being $583050 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 3.17%
VIC has seen average median house prices change by 3.19% which means that Manifold Heights, 3218 has done well for property investors by showing a capital gain of 0.00% over the last year
While Manifold Heights,3218 ranked number 23th in VIC for increase in median house value (annualised) increase, it is ranked 269th over the last 5 years.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.01%, without taking into account capital value appreciation, which has been averaging out at 6.54%.