RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Property investors enjoyed capital gains of 10.47% 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 7.92% growth over a ten-year period. It ranks 210th on our list of suburbs that property investors should look into.
MANLY VALE, 2093 has a capital gain of 10.47% for the past year, which is higher than average compared to its 46.38% growth within a five-year period.
With the median home price in MANLY VALE sitting at $1,900,000, and the average rent at $950, property owners could potentially earn a 2.6% 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 Northern Beaches (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,900,000 | $785,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.12% | 5.02% |
| Median 12 month | 10.47% | 1.29% |
| Median 3 years | 8.57% | -3.09% |
| Median 5 years | 46.38% | 22.66% |
| 10 years average annual | 7.92% | 5.81% |
| Weekly media advert. rent | $950 | $560 |
| Time on Market | 0.0 days | 37.1 days |
| Gross Rental Yield Percent | 2.6% | 3.71% |
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