VIC has seen average median house prices change by 9.78% which means that Manifold Heights, 3218 has done well for property investors by showing a capital gain of 22.84% over the last year
Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of 22.84% over the period. This ranks it number 1259th in the whole country for real estate investors looking at median house price increases.
Manifold Heights, 3218 is offering VIC ‘s 153th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
At number 2154 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 85.46 for properties listed there.
The VIC suburb of Manifold Heights, 3218 is in the Greater Geelong local government area.
Property value increases in Manifold Heights have tracked higher than the VIC average of 4.83% over the last 12 months.
Comparing Manifold Heights,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Manifold Heights is $332500, with sellers offering an average of -4.05% off the asking price.
Situated 65.98km from the CBD, Manifold Heights is one of Greater Geelong localities in the postcode 3218.
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
Information supplied by:
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