Manifold Heights is a compact suburb in Victoria within the Greater Geelong local government area (postcode 3218). It is home to about 2,681 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $95K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Manifold Heights stand at $1.3 million, having risen steeply by 20% over the last twelve months. Units have a median price of $400,000 (-8.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,990.
Manifold Heights is served by 2 schools, including 2 primary. The average ICSEA score is 1075, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
On the investment side, Manifold Heights shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.3x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.