Property management: You get what you pay for
Lately there have been some new ‘startups’ in the property management space that are trying to swing investors away from traditional pro...
Property investors enjoyed capital gains of 5.97% over the last 12 months in MANLY VALE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.49% growth over a ten-year period. It ranks 348th on our list of suburbs that property investors should look into.
MANLY VALE, 2093 has a capital gain of 5.97% for the past year, which is lower than average compared to its 81.09% growth within a five-year period.
With the median home price in MANLY VALE sitting at $1,820,000, and the average rent at $1000, property owners could potentially earn a 2.86% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MANLY VALE are low, as opposed to average gains per annum over the past five years.
MANLY VALE, 2093 in NSW belongs to the local government area of Warringah.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,820,000 | $849,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.11% | 0.83% |
| Median 12 month | 5.97% | 3.41% |
| Median 3 years | 40.54% | 37.02% |
| Median 5 years | 81.09% | 76.06% |
| 10 years average annual | 8.49% | 7.99% |
| Weekly media advert. rent | $1000 | $550 |
| Time on Market | 33.5 days | 35.1 days |
| Gross Rental Yield Percent | 2.86% | 3.37% |
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