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Manly is a delightful suburb that offers a fantastic coastal lifestyle, making it a wonderful place to live. Known for its stunning beaches and vibrant atmosphere, Manly provides a unique blend of natural beauty and urban convenience. The suburb's lively vibe is complemented by its strong sense of community, making it an appealing choice for families. With a variety of local schools, parks, and recreational facilities, Manly ensures that families have everything they need for a comfortable and enjoyable lifestyle.

Living in Manly means having easy access to a plethora of amenities. The suburb boasts a thriving dining scene, boutique shopping, and a range of recreational activities, ensuring there's always something to do. Safety is generally not a major concern, and the community is welcoming and friendly. The iconic Manly Ferry offers a scenic and convenient commute to Sydney's CBD, making it an attractive option for professionals who work in the city but prefer a more relaxed living environment.

However, living in Manly does come with some trade-offs. The popularity of the area means that property prices can be high, and the demand for rental properties is significant. This can make finding a home a bit competitive. Additionally, while the vibrant atmosphere is a drawcard, it can also mean that the area is bustling with tourists, especially during peak seasons. Despite these trade-offs, Manly's charm and the quality of life it offers make it a highly desirable place to call home.

Living in Manly is undeniably costly, primarily due to its stunning beachside location and proximity to Sydney's central business district. The median house price in Manly is a staggering $4,600,000, which is significantly higher than many other suburbs in the Sydney area. For those considering renting, the average rent for houses is $1,190 per week, while units average $950 per week. These figures highlight the premium placed on living in this desirable coastal suburb.

When comparing these housing costs to the average salary in Manly, which is around $72,000 per year, it becomes clear that a substantial portion of one's income would be required to afford living here. This average salary is higher than the New South Wales state average, yet it still poses a challenge when weighed against Manly's high property prices and rental rates.

Overall, while Manly offers an enviable lifestyle with its beautiful beaches and vibrant community, the cost of living, especially in terms of housing, is quite high. If you are thinking of living in Manly, it's essential to carefully consider your financial situation to ensure it aligns with the expenses associated with this picturesque yet pricey suburb.

Manly presents a promising opportunity for investment, particularly in the unit market. Over the past 12 months, the median unit value in Manly has increased by an impressive 9.4%, indicating strong demand and potential for capital growth. This surge in unit prices suggests that the suburb is becoming increasingly attractive to buyers and renters alike, likely due to its desirable coastal lifestyle and proximity to Sydney's CBD.

While house values and rents have remained stable, the unit market's performance highlights a shift in demand towards more affordable and compact living options. The 5.8% increase in unit rents over the past year further underscores the growing appeal of Manly's unit market, offering investors the potential for solid rental returns. With its stunning beaches, vibrant community, and excellent transport links, Manly continues to be a sought-after location for both residents and investors.

Overall, Manly's combination of stable house prices and strong growth in the unit market makes it a compelling choice for investors. The suburb's unique blend of lifestyle appeal and investment potential ensures it remains a desirable location for those looking to capitalize on the thriving property market.