Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $610,000, Annual capital growth 8.07%, Number of sales 36, Weekly median advertised rent $340

Manifold Heights Unit: Median price $271,000, Annual capital growth 5.67%, Number of sales 16, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Manifold Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.62%

Across a shorter period, Manifold Heights, 3218 has seen a median price increase of 11.21% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Manifold Heights itself are offering an average vendor discount of -5.04% to real estate investors.

In the last year 36 properties changed hands in Manifold Heights, which puts it as the 486th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

Over the last year, property investments in Manifold Heights, 3218 have given investors a capital gain of -6.23%. This compares very badly with the 2.98% for VIC as a whole.

Over the longer term, Manifold Heights has seen property prices show investors a -9.36% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Manifold Heights is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 209th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $3300 per annum or $275 every week.

HOUSE UNIT
$610,000 $271,000
11.21% -1.63%
24.62% -6.23%
8.07% 5.67%
$340 $275
36 16
2.90% 5.28%
84.55 46.92

Source: CoreLogic

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