Manifold Heights is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3218). With a population of 2,681, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Manifold Heights is $1.3 million, having surged 20% over the past year. Units have a median price of $437,000 (-12.7% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 1.9%. 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.
From an investment perspective, Manifold Heights offers a gross rental yield of 1.9%, 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.
Manifold Heights is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3218). With a population of 2,681, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Manifold Heights is $1.3 million, having surged 20% over the past year. Units have a median price of $437,000 (-12.7% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 1.9%. 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.
From an investment perspective, Manifold Heights offers a gross rental yield of 1.9%, 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.