Get a property report and suburb profile for any property in Manor Lakes

Manor Lakes is a modern, family-oriented suburb in Melbourne’s outer west built around man-made lakes, wetlands and parkland, so outdoor living is a clear feature. Streets are dominated by recent single-family homes and newer townhouses in estate-style layouts, with playgrounds, walking and cycling trails and sports fields dotted through the neighbourhood. That mix makes it popular with young families and people who want a suburban lifestyle with water and green space close to the city fringe.

Everyday needs are met by a neighbourhood shopping centre and community facilities, while larger retail and services in Werribee and Hoppers Crossing are within reach. The Birnbial Family Centre offers kindergarten, maternal and child health, a toy library and family support services, and Holyoake Parade Reserve now provides an oval, cricket nets, six tennis courts, a multi-use court, playground, BBQ and parking. Manor Lakes P–12 College has recently received major upgrades and further works are planned, and council continues to pursue a town-centre structure plan including a proposed link to Wyndham Vale station; commuters also use Wyndham Vale station on the Werribee line and the Princes Freeway for road access.

House values in Manor Lakes rose a modest 3.0% over the past 12 months, so there was some capital growth on the house side. Over the same period, house rents fell 4.2%, a moderate decline in the rental income those houses would generate.

If rental income is your priority, that fall in house rents is the figure to watch. If you care more about capital growth, the modest rise in house values is the relevant movement; what that balance means for you will depend on your own objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.