Manly West suburb profile
Manly West is a charming suburb located in Brisbane's eastern bayside, offering a relaxed lifestyle with easy access to the waterfront. Known for its family-friendly atmosphere, the suburb features a mix of traditional Queenslander homes and modern residences. Manly West provides residents with convenient amenities, including local shops, schools, and parks, while being just a short drive from the vibrant Manly Harbour Village. The area is well-connected by public transport, making it an attractive option for commuters. Its blend of suburban tranquility and proximity to coastal attractions makes Manly West a desirable place to live.
Manly West property market performance
Current median dwelling price$986,000Past 3 months
Property growth+8.9%Past 12 months
Manly West’s property market has shown robust growth over the past 12 months, with house values increasing by 10% and unit values rising by 7.9%. The median house price over the past three months has averaged $1.17 million, while units have averaged $800,000, indicating strong demand across both property types.
Sales activity has been active, with 34 houses and 16 units sold in the past three months. Houses are selling slightly faster than units, with a median time on market of 39 days compared to 41 days for units, suggesting a balanced demand in the market.
The rental market in Manly West has seen a notable increase in house rents, which have risen by 7.1% over the last 12 months, while unit rents have remained stable, indicating a stronger demand for house rentals in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $1.17M | $800K |
Change in value Past 12 months | 10.0% | 7.9% |
Sold Past 3 months | 34 | 16 |
Median days on market Past 12 months | 39 | 41 |
Average rent Past 12 months | $750 | $650 |
Change in rent Past 12 months | 7.1% | N/A |
5 year median price trend for houses and units
Manly West demographics
Manly West, located in the eastern suburbs of Brisbane, is a family-friendly area known for its peaceful residential streets and proximity to the beautiful Moreton Bay. With a population of 12,436, the suburb offers a blend of suburban tranquility and convenient access to the city. The median age of 41 suggests a mature community, with many families and long-term residents enjoying the area's amenities and lifestyle.
The suburb is predominantly composed of couple families, with 47.3% having children and 34.6% without, indicating a strong family presence. One-parent families make up 16.7% of the community, adding to the suburb's diverse family dynamics. Manly West's appeal to families is further supported by its local schools, parks, and recreational facilities, making it an ideal place for raising children.
In terms of property ownership, Manly West has a high rate of home ownership, with 32.8% of properties owned outright and 43.6% owned with a mortgage. This reflects a stable and established community, with many residents investing in their homes for the long term. The rental market is smaller, with 23.6% of properties rented, appealing to those seeking a more flexible living arrangement. Overall, Manly West offers a balanced lifestyle with a strong sense of community, making it a desirable suburb for families and individuals alike.
Manly West infrastructure, key developments and investment opportunities
Manly West is experiencing several developments that could influence its property market. The ongoing redevelopment of Wynnum Plaza, expected to conclude by late 2025, will introduce new retail and entertainment options nearby, potentially boosting local property values. Additionally, recent upgrades to Manly West State School have enhanced local education facilities, which may attract more families to the area.
Public transport improvements, including planned upgrades to bus services and nearby train stations, aim to enhance connectivity and could increase property desirability along key routes. The suburb's proximity to Moreton Bay, coupled with ongoing infrastructure projects and migration trends, continues to underpin strong property demand in Manly West. These developments collectively enhance livability and are likely to sustain or increase property values in the area.
Manly West rental market trends
The rental market in Manly West has experienced moderate growth, with house rents increasing by 7.1% over the past year to $750 per week. Unit rents have remained stable at $650 per week. This stability, combined with the area's family-friendly environment and proximity to the bay, makes Manly West an attractive option for renters seeking a balanced lifestyle.
Suburbs near Manly West
Some popular suburbs near Manly West include:
How does Manly West compare to nearby suburbs?
- Median house prices: Manly West’s median house price is 5.6% higher than Wynnum West’s.
- Median unit prices: Manly West’s median unit price is 6.0% higher than Wynnum West’s.
- House price growth: Over the past 12 months, house prices in Manly West have grown 6.2% higher than in Wynnum.
- Unit price growth: Property prices in nearby Wakerley have risen 13.8% more than in Manly West over the past year.
- Selling speed for houses: Properties in nearby Wynnum West are selling 28.2% faster than in Manly West.
- Selling speed for units: Properties in Manly West are selling 76.3% faster than in Wynnum.
- Investment considerations: In Manly West, the rental yield for house is 11.1% higher than the Brisbane average, while the rental yield for units is 5.9% higher.
- House price growth: Over the past 12 months, house prices in Manly West have grown 6.9% higher than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Manly West have grown 17.8% higher than the average rate of growth for units across Brisbane.