Property investors who have had real estate in Manifold Heights, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.87%
Comparing Manifold Heights,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Manifold Heights 3218 should be seeing an average reduction in asking price of around -5.17% . This means that Manifold Heights is holding prices well when compared to other suburbs in VIC.
At number 2116 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 85.15 for properties listed there.
With the median price for a house in Manifold Heights being $635000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.87%
At number 202th in the list of Australian suburbs ordered by increase in median house value over the last year, Manifold Heights, 3218 is in the top 20% with a property value increase of 15.79% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Manifold Heights,3218 has racked up an average of 15.79% over the period. This ranks it number 628th in the whole country for real estate investors looking at median house price increases.
Manifold Heights3218 is located in VIC which offers an average discount of -5.07% to property investors. Manifold Heights itself is showing figures that indicate -4.71% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Manifold Heights have been waiting around 43 days to sell a property.
The VIC suburb of Manifold Heights, 3218 is in the Greater Geelong local government area.
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