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