Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $583,050, Annual capital growth 7.38%, Number of sales 37, Weekly median advertised rent $355

Manifold Heights Unit: Median price $280,000, Annual capital growth 6.54%, Number of sales 13, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$583,050 $280,000
9.80% 8.00%
22.75% 0.00%
7.38% 6.54%
$355 $270
37 13
3.17% 5.01%
85.34 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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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