NSW has seen average median house prices change by 11.67% which means that Manly Vale, 2093 has done well for property investors by showing a capital gain of 10.58% over the last year
Manly Vale,2093 has offered an average of 10.58% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Manly Vale, 2093. Typically our figures indicate that -5.06% is being offered, which puts this NSW suburb at 363th most discounted overall in Australia.
A $1000 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 8.30%.
Over the last year, property investments in Manly Vale, 2093 have given investors a capital gain of 14.97%. This compares favourably with the 8.39% for NSW as a whole.
Across a shorter period, Manly Vale, 2093 has seen a median price increase of -0.59% over the last quarter.
Property investors looking for a bargain in Manly Vale should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.