Manor Lakes VIC 3024

Here you can find what you need to know about Manor Lakes, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$527k Median Sale Price (National Average $485k) 583rd In VIC
9.68% Median Price Change (1 yr) (National Average 4.30%) 412th In VIC
$380pw Median Rent (National Average $395) 567th In VIC
3.8% Median Gross Yield (National Average 4.24%) 502nd In VIC
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Properties sold 192
Average discounting -4.23%
Average Days on Market 35
Stock on Market 73 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Manor Lakes, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Manor Lakes, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Manor Lakes, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Manor Lakes


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
VIC 797 58%
ACT 60 56%
NSW 495 62%
NT 12 80%
QLD 116 31%
SA 112 48%
TAS 5 33%
WA 42 56%

Local Schools


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Suburb Information

Manor Lakes, VIC 3024

Part of: Wyndham Council No data available

The size of Manor Lakes is approximately 16 square kilometres. It has 10 parks covering nearly 2.2% of total area. The population of Manor Lakes in 2011 was 17,304 people. By 2016 the population was 23,259 showing a population growth of 34.4% in the area during that time. The predominant age group in Manor Lakes is 30-39 years. Households in Manor Lakes are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Manor Lakes work in a clerical occupation. In 2011, 73.4% of the homes in Manor Lakes were owner-occupied compared with 70% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Manor Lakes

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Manor Lakes   for Houses in last 12 months


There have been 186 Houses sold in Manor Lakes in the past 12 months with a median sale price of $530K, up 8.16% annually. It takes on average 40 days to sell with vendor discounting of -5.09%.

Streets in Manor Lakes


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Melton South VIC, 3338 15.66% $411,750 $320pw 4.0% View Suburb Profile
Clyde North VIC, 3978 43.21% $580,000 $410pw 3.7% View Suburb Profile
Werribee VIC, 3030 10.11% $501,000 $355pw 3.7% View Suburb Profile
Whitfield QLD, 4870 10.95% $557,500 $450pw 4.2% View Suburb Profile