Manly West

POSTAL CODE: QLD, 4179
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Property investors enjoyed capital gains of 12.39% over the last 12 months in MANLY WEST, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 9.07% growth over a ten-year period. It ranks 458th on our list of suburbs that property investors should look into.

MANLY WEST, 4179 has a capital gain of 12.39% for the past year, which is lower than average compared to its 92.42% growth within a five-year period.

With the median home price in MANLY WEST sitting at $1,270,000, and the average rent at $750, property owners could potentially earn a 3.07% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MANLY WEST are low, as opposed to average gains per annum over the past five years.

MANLY WEST, 4179 in QLD belongs to the local government area of Brisbane.

Surburb overview

Manly West, postcode 4179, is a suburb located approximately 17.6 kilometres east of Brisbane's central business district (CBD).

As of the 2021 census, Manly West had a population of 12,436, with a median age of 41.

The suburb encompasses an area of approximately 5.1 square kilometres and features 25 parks, covering nearly 11.7% of its total area.

Manly West offers various housing options, from cottages in the early 1900s to modern executive homes.

Public transportation in Manly West is well-developed, offering residents multiple commuting options. Several bus routes traverse the suburb, facilitating convenient travel within Brisbane. The nearby Manly railway station also provides regular services to Brisbane's CBD and surrounding areas.

Essential establishments in Manly West include shopping centres, such as Mayfair Village on Manly Shopping Centre, which offer various retail and dining options. The suburb also has several educational institutions, including Manly West State School and Moreton Bay Boys' College, which cater to the community's academic needs.

Residents can enjoy the numerous parks and green spaces within the suburb for recreational activities, providing ample opportunities for outdoor activities and community events. The proximity to Moreton Bay allows for various water-based activities, such as boating and fishing, enhancing the coastal lifestyle.

In terms of property, the median house price in Manly West is approximately $1,130,000, with an annual capital growth of 20.21%. There were 176 house sales in the past 12 months, with properties spending an average of 12 days on the market. Rental yields for houses are currently around 3.57%, with a median weekly rent of $720.

Overall, Manly West offers a blend of suburban tranquillity and urban convenience, making it an attractive option for residents and investors.

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