Based on its average 5-year and quarterly capital gains MANLY, 2095 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MANLY, 2095 obtained a 10% growth over a ten-year period. It ranks 3283rd on our list of suburbs that property investors should look into.
MANLY, 2095 in NSW belongs to the local government area of Manly.
MANLY, 2095 has a capital gain of 12.2% for the past year, which is lower than average compared to its 112.86% growth within a five-year period.
With the median home price in MANLY sitting at $3,310,000, and the average rent at $1450, property owners could potentially earn a 2.28% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MANLY are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in MANLY, 2095 translates to a 42.93% capital gain.
Property investors enjoyed capital gains of 9.58% over the last 12 months in MANLY, translating to lower returns compared with its peers in NSW.
MANLY, 2095 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,315,000.
Profits due to an upward trend in home prices in MANLY, 2095 averaged 14.31% per annum over a 3-year period.
Home owners selling their properties and realtors in MANLY usually have to wait an average of 50.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $760 mark, reflecting a 3.01% increase in returns based on the current median price in MANLY.
MANLY, 2095 places 258th in Australia based on median property value growth during the quarter.