Manor Lakes is a well-established suburb in Victoria within the Wyndham local government area (postcode 3024). With a population of 12,675, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $119K per year, with an average household size of 3.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Manor Lakes is $640,000, having remained flat 0% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,900.
Manor Lakes is served by 2 schools, including 2 primary. The average ICSEA score is 1067, which is above the national average of 1,000. Public transport access includes 8 rail stations, 31 bus stops. The crime rate in the Wyndham LGA is moderate at 7,001 incidents per 100,000 population.
From an investment perspective, Manor Lakes offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 5.4x is considered affordable. House prices have moved +0.0% year-on-year.
Manor Lakes is a well-established suburb in Victoria within the Wyndham local government area (postcode 3024). With a population of 12,675, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $119K per year, with an average household size of 3.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Manor Lakes is $640,000, having remained flat 0% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,900.
Manor Lakes is served by 2 schools, including 2 primary. The average ICSEA score is 1067, which is above the national average of 1,000. Public transport access includes 8 rail stations, 31 bus stops. The crime rate in the Wyndham LGA is moderate at 7,001 incidents per 100,000 population.
From an investment perspective, Manor Lakes offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 5.4x is considered affordable. House prices have moved +0.0% year-on-year.