Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $538,500, Annual capital growth 6.44%, Number of sales 38, Weekly median advertised rent $353

Manifold Heights Unit: Median price $266,250, Annual capital growth 4.13%, Number of sales 14, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 13.37% for the last year, Manifold Heights, 3218 is the 645th highest performer in Australia in this respect.

The five-year average increase in median property values for Manifold Heights,3218 has given property investors a potential capital gain of 22.39% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Manifold Heights itself are offering an average vendor discount of -5.60% to real estate investors.

Residents and property investors in Manifold Heights have been waiting around 121.04 days to sell a property.

Situated 66.05km from the CBD, Manifold Heights is one of Greater Geelong localities in the postcode 3218.

If you compare the increase in value of investment property in Manifold Heights, 3218 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.91%.

Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of -4.91% over the period. This ranks it number 1584th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.25% to buyers in Manifold Heights at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $260 mark per week – giving a return of 5.08% based on the median price in Suburb

HOUSE UNIT
$538,500 $266,250
0.65% -4.05%
13.37% -4.91%
6.44% 4.13%
$353 $260
38 14
3.40% 5.08%
121.04 47.9

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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