Suburb Profile Report for Manifold Heights VIC (3218)

Manifold Heights House: Median price $610,000, Annual capital growth 7.78%, Number of sales 38, Weekly median advertised rent $350

Manifold Heights Unit: Median price $280,000, Annual capital growth 4.10%, Number of sales 15, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Manifold Heights has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 28.42% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Manifold Heights has increased when compared to the 5 year average annual rate.

Manifold Heights, 3218 is offering VIC ‘s 459th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Manifold Heights is in the bottom 30% in VIC when comparing median price capital growth over the last year. Manifold Heights gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.75%.

When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 313th in VIC.

Property investors looking for a bargain in Manifold Heights should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Manifold Heights the average time real estate has been on the market is 44.33 days.

Property investors should expect to get $270 weekly from the median priced house in this suburb.

HOUSE UNIT
$610,000 $280,000
11.21% 5.16%
28.42% -1.75%
7.78% 4.10%
$350 $270
38 15
2.98% 5.01%
84.86 44.33

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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