Manly (postcode 2095) is a settled mid-to-large suburb in New South Wales within the Northern Beaches local government area. With a population of 16,296, the suburb has an established family demographic with a median age of 38. Households earn a median income of $165K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
Median house prices in Manly stand at $4.5 million, having declined by 3.4% over the last twelve months. Units have a median price of $2.3 million (+30.9% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,467.
Manly is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 1 rail station, 5 ferry wharfves, 47 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.3%, which reads as low yield. Property prices are above the state median ($4.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.2x is considered stretched. House prices have moved -3.4% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.