Investment property in Manly has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.44%
Over the longer term, Manly has seen property prices show investors a -2.09% return over the last 3 years. This is worse than over the last 12 months
At number 348 in a list of fastest selling suburbs, Manly is in the TOP 10% of suburbs in Australia with an average of days on market 48 for properties listed there.
Manly is 1019th on a list of best yielding suburbs for rents in NSW with a 2.75% return
Manly, 2095 ranked 249th in NSW when comparing growth in median property values or capital gain over the last 12 months. Manly is one of 3163 in our list for NSW
A 44.44% growth in median value for property investors in Manly,2095 puts this suburb at number 115th in terms of best performing suburbs in NSW
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Manly itself are offering an average vendor discount of -5.16% to real estate investors.
Residents and property investors in Manly have been waiting around 52.2772 days to sell a property.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 8.28%, investors should hope to achieve an overall return of 3.00%