Get a property report and suburb profile for any property in Manly

Manly is a delightful suburb that offers a unique blend of coastal charm and urban convenience, making it a fantastic place to live. Known for its stunning beaches and vibrant atmosphere, Manly provides a relaxed yet lively lifestyle that appeals to a diverse range of residents. The suburb's proximity to Sydney's CBD, just a short ferry ride away, ensures that residents have easy access to city amenities while enjoying the tranquility of beachside living. Manly's vibrant community is enriched by its cultural diversity, with a mix of families, professionals, and retirees all calling this beautiful suburb home.

For families, Manly offers a welcoming environment with plenty of activities to keep everyone entertained. The suburb is home to excellent schools, parks, and recreational facilities, making it an ideal place for raising children. The iconic surf beach and scenic walking trails provide endless opportunities for outdoor adventures, while the bustling town center offers a variety of shops, cafes, and restaurants to explore. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly destination.

However, living in Manly does come with some trade-offs. The popularity of the suburb means that property prices can be high, and the demand for rental properties is significant. Additionally, while the vibrant social scene is a major drawcard, it can also lead to increased noise levels, particularly during peak tourist seasons. Despite these trade-offs, Manly's strong sense of community, combined with its stunning natural beauty and convenient location, makes it a highly desirable place to live for those seeking a balanced lifestyle that embraces both coastal and urban living.

Living in Manly is undeniably expensive, reflecting its status as a desirable beachside suburb with stunning views and a vibrant lifestyle. The current median house price is a staggering $3,950,000, while units aren't much more affordable at $1,900,000. Renting in Manly also comes with a hefty price tag, with houses averaging $1,200 per week and units around $920 per week.

When you compare these costs to the average wage in Manly, which is $94,000 per year, it's clear that a significant portion of income would need to be allocated to housing. The median total household income weekly in Manly is $3,164, which is higher than many other areas, but the high property prices and rents still make it a costly place to live.

For those thinking of living in Manly, it's important to weigh the financial demands against the lifestyle benefits. The suburb offers beautiful beaches, a lively dining scene, and a strong community feel. However, the premium cost of living, particularly in terms of housing, means you need to carefully consider your budget to enjoy all that Manly has to offer.

Manly is a suburb that offers promising investment opportunities, particularly in the unit market. Over the past 12 months, the median unit value in Manly has increased by 7.6%, indicating a strong demand for this type of property. This growth is mirrored in the rental market, where unit rents have also risen by 7.8%. Such trends suggest that units in Manly are becoming increasingly attractive to both renters and investors, likely due to the suburb's desirable coastal lifestyle and proximity to Sydney's CBD.

While the median house value and rent have remained stable over the past year, the consistent demand for units highlights a shift in the market dynamics. Manly's appeal lies in its vibrant beach culture, excellent amenities, and easy access to public transport, making it a sought-after location for young professionals and families alike. The suburb's unique blend of urban convenience and relaxed coastal living continues to draw interest, ensuring a steady stream of potential tenants and buyers.

Overall, Manly presents a compelling case for investment, particularly in the unit sector. The recent growth in unit values and rents suggests a robust market with potential for continued appreciation. For those looking to invest in a suburb that combines lifestyle appeal with solid market performance, Manly is certainly worth considering.