Manly Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Manly? As a Manly Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Manly property purchase!
Manly is a bayside suburb on Brisbane’s Southside approximately 18km East of the Brisbane CBD. Manly is bordered by the suburbs of Wynnum, Manly West, and Lota.
The population of Manly in 2016 was 4,057 and continues to grow. 67% of households in Manly are owner occupied, and consistent predominantly of couples with children who work in a professional occupation.
Shops, restaurants and entertainment
Manly’s main shopping, restaurant and café precincts are located along Cambridge Parade and the waterfront.
Manly is serviced by the Cleveland train line. It is around a 40 minute commute to the Brisbane CBD from Manly Station.
The area is home to a number of private and public schools including Moreton Bay Boys College, Moreton Bay College, St John Vianney’s Primary School, Guardian Angels’ Primary School, Manly State School, and Lota State School.
Parks and Green spaces
There is an abundance of parks and recreation areas along the foreshore, popular with walkers and cyclists, and hosting Saturday Farmers Markets.
Most and least desirable areas
Properties that are within walking distance to the waterfront, and especially those with bay views, are highly sort after.
Traffic noise can be an issue for properties on Royal Esplanade.
Buyers should check the Brisbane City Council Flood Maps, as some areas (especially those close to the waterfront) are susceptible to flooding/storm tides.
Housing type and typical block size
The vast majority (72%) of properties in Manlyare free standing houses.
There is an interesting mix of Queenslander, Post War and contemporary properties.
The typical block size is 400-600m2.
What can my money buy in Manly?
The median house price in Manly is $800,000 which is above Brisbane’s median.
The median house price in Manly would typically buy a 3 Bed, 2 Bath, 2 Car house on a decent sized block.
For example: 20 Earl Parade Manly, QLD, 4179 – sold for $795,000 (March 2019) (click to view listing)
The median unit price inManlyis: $656,000.
This amount would typically buy a 3 bedroom townhouse with bay views. For example: 3/226 Stratton Terrace Manly, QLD which sold for $607,000 in May 2018.
How has the Manly property market been performing?
In the last 5 years the median house price has increased by 33.8%. Over the last 10 years, house prices have increased by 3.6% per annum.
Units in Manly have seen significant price growth. In the last 5 years the median price of units has increased by 56.1%. On average, over the last 10 years unit prices have increased by 5.6% per annum.
Supply and demand characteristics for Manly
- Average Days on Market: Houses 68 days. Units: 57 days.
- On average houses are selling 3% below their list price. Units typically sell 2% below their list price.
- Manly’s auction clearance rates are 46% for houses, and 100% for units.
- The average rental yield for houses is 3.31%, compared to 3.89% for units.
- There is a balanced number of houses currently listed for sale (3.17%), (There is a large number of units currently listed for sale (13.73%)).
- The rental vacancy rate for both houses and units is 2.3%.
**Statistics are accurate for June 2019
Thinking about buying a property in Manly? Our ManlyBuyer’s Agent is more than happy to have a chat. Please contact us.
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