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.