Suburb Profile Report for Manly West QLD (4179)

Manly West House: Median price $610,000, Annual capital growth 2.40%, Number of sales 172, Weekly median advertised rent $510

Manly West Unit: Median price $410,000, Annual capital growth 0.81%, Number of sales 40, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 1985th in the list of Australian suburbs ordered by increase in median house value over the last year, Manly West, 4179 is in the top half with a property value increase of 0.49% recorded in median house prices.

Manly West,4179 was ranked 1272 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Manly West itself are offering an average vendor discount of -3.91% to real estate investors.

Often selling an investment property can take time, and in Manly West the average time real estate has been on the market is 52.6667 days.

Renters in Suburb are facing rents around $26520 per annum or $510 every week.

Giving property investors a a stable capital gain of 3.80% for the last year, Manly West, 4179 is the 529th highest performer in Australia in this respect.

Across a shorter period, Manly West, 4179 has seen a median price increase of 0.00% over the last quarter.

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 West, 4179. Typically our figures indicate that -2.96% is being offered, which puts this QLD suburb at 986th most discounted overall in Australia.

Often selling an investment property can take time, and in Manly West the average time real estate has been on the market is 73.4194 days.

With the median price for a house in Manly West being $410000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 5.45%

Metrics i HOUSE UNIT
$610,000 $410,000
2.31% 0.00%
0.49% 3.80%
2.40% 0.81%
$510 $430
172 40
4.35% 5.45%
52.6666666666667 73.4193548387097

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Manly West QLD
Demographics
Total population 11194
Median household income ($/weekly) 1458
Median age of persons 38
Median housing loan repayment ($/monthly) 2058
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1602 14.3
    25-34 years 1288 11.5
    35-44 years 1799 16.1
    45-54 years 1566 14.0
    55-64 years 1135 10.1
    Others 3804 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 4340 52.5
    Not Married 3117 37.7
    Defacto Relationship 804 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8745 81.2
    Papua New Guinea 536 5.0
    South Africa 96 0.9
    United Kingdom 664 6.2
    Other 237 2.2
    Others 490 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 108 1.0
    Christianity 7957 76.0
    Islam 50 0.5
    Other Religious Groups 39 0.4
    No Religion 2281 21.8
    Others 28 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 341 9.2
    $600-$799 300 8.1
    $1,500-$1,999 501 13.5
    $2,000-$2,499 440 11.8
    $2,500-$2,999 377 10.1
    Others 1756 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3624 42.6
    Not in the labour force 2732 32.1
    Employed, worked part-time 1623 19.1
    Employed, away from work 283 3.3
    Unemployed, looking for work 253 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 690 12.5
    Professionals 1150 20.8
    Technicians & trades workers 790 14.3
    Clerical & administrative workers 971 17.6
    Sales 542 9.8
    Others 1388 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 162 6.2
    Infants/Primary 1105 42.4
    Secondary 689 26.4
    Technical or Further Educational Institution 219 8.4
    University or other Tertiary Institutions 377 14.5
    Others 55 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9400 87.5
    Semi-detached, row or terrace house, townhouse 1117 10.4
    Flat, unit or apartment 225 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1542 38.7
    Fully owned 1322 33.2
    Rented 989 24.8
    Other tenure type 130 3.3
    Tenure Type
Census 2011, ABS
Chart Table