Strong Demand Boosts Manly Median House Price to $728K

Manly median house price
Photo credit: Google Earth

The REIQ recently reported the latest housing market statistics which showed Manly median house price at $728,375, a slight decrease of -4.8% over the last 12 months but an increase of 30.9% over the last 5 years. In the 2nd quarter of 2018, there were 15 homes sold in the suburb.

“The Manly area is in high demand with a number of properties being under contract within a month compared to this time last year with the average days on market at 50.  I was able to sell 42 Wellington Street for $1.6mil in just 36 days after being on the market with another agent for over 400 days” says Justin Marsden of Ray White Wynnum Manly.