Manifold Heights has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.89% to date .
Comparing Manifold Heights,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Manifold Heights is giving property investors an average Vendor Discount of around -5.04%. This puts suburb at number 354th in VIC when ranking the most discounted suburbs.
At number 1900 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 82.09 for properties listed there.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 2.98%, without taking into account capital value appreciation, which has been averaging out at 8.49%.
Property value increases in Manifold Heights have tracked higher than the VIC average of 3.49% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Manifold Heights has increased when compared to the 5 year average annual rate.
The most recent median price for Manifold Heights is $330000, with sellers offering an average of -4.71% off the asking price.
Residents and property investors in Manifold Heights have been waiting around 43 days to sell a property.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
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