With a capital gain of 26.35% for the last 12 months, Manifold Heights, 3218 has performed for property investments than its average annual 8.52% property growth over the last 5 years.
The five-year average increase in median property values for Manifold Heights,3218 has given property investors a potential capital gain of 46.02% across each of those five years.
Vendor discounting in Manifold Heights is giving property investors an average Vendor Discount of around -5.17%. This puts suburb at number 325th in VIC when ranking the most discounted suburbs.
A $347.5 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 8.52%.
Manifold Heights, 3218 ranked 41th in VIC when comparing growth in median property values or capital gain over the last 12 months. Manifold Heights is one of 2098 in our list for VIC
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 689th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Manifold Heights 3218 should be seeing an average reduction in asking price of around -4.71% . This means that Manifold Heights is holding prices well when compared to other suburbs in VIC.
At number 164 in a list of fastest selling suburbs, Manifold Heights is in the TOP 20% of suburbs in Australia with an average of days on market 43 for properties listed there.
Manifold Heights, 3218’s gross rental yield is 4.41%
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