Manly Median House Price Hits Million-Dollar Mark

Manly Property Market
Photo Credit: Google Maps

Manly maintains its double-digit growth rate as the median house price hits the seven digits for the 12-month period ending September 2021. The bayside suburb cracked the million-dollar mark amidst a strong investment climate and a continuing shift in lifestyle preferences to favour a sea-change or tree-change.



Highlights

  • The median house price in Manly grew by 11.92 per cent, now at $1,080,000 for the period October 2020 to September 2021.
  • Manly’s unit market stayed relatively flat, with a 3.77 per cent growth for the same period, putting the median at $550,000.
  • Unit supply remains low versus demand, but a number of developments in the next five years are expected to change the picture. 

Manly House Price Growth

Manly’s housing market has seen an exponential rise in recent years. From October 2020 to September 2021, the median house price increased by 11.92 per cent, according to Property Market Updates. For this period, the median house price increased to $1,080,000 from $965,000 in the previous year. 



There were 105 properties sold for this period at an average of 60 days on market. Resort-style four-bedroom homes sold the most at 59 properties, but it’s the two-bedroom houses that moved briskly, at 26 days on the market. 

Manly Median House Price Growth
Photo Credit: Property Market Updates

Manly continues to attract buyers and investors looking for a village-style community where locals enjoy a chill and relaxed bayside lifestyle. A place known for its boats, it’s common to find families enjoying the waterfront, either for a walk or play or for sailing, given that it has one of the biggest marinas in this part of the world. 

Manly Unit Price Growth

On the other hand, unit properties in Manly remained relatively flat, showing just 3.77 per cent growth from October 2020 to September 2021, pushing the median unit price at $550,000. As with the previous quarter, demand for Manly units outstripped supply with only 27 properties sold within an average of 64 days. 

Manly Median Unit Price Growth
Photo Credit: Property Market Updates

Industry insiders are confident that upcoming residential and commercial building developments, including the redevelopment of the more than 50-year-old community hive, the Moreton Bay Trailer Boat Club, will improve unit values in a few years. 

About Manly 

Manly has maintained its quintessential small-town appeal with the absence of major shopping centres, chain stores, and fast-food franchise outlets. That’s why it appeals to young families, retirees, and downsizers.

Photo Credit: Google Maps

The local restaurants, cafes and pubs are operated by family businesses or residents in the area. There are a number of heritage-listed sites around the village, preserving the locale’s historical and cultural significance.

Located more than 20 kilometres from the city, Manly is bordered by bayside suburbs like Wynnum, Lota, and Manly West. Walkability in this village is absolutely critical as residents can go from block to block to have what they need. 

The village is close to the esplanade, the marina, the dining precincts and shops, as well as the schools. Manly is also a 20-minute walk to Wynnum where there’s a Woolworths and more eclectic shops.  



“The beauty of the bay, great cafes and food, plenty of bike and jogging paths, quiet during the week and full of life on the weekend. And unlike Bulimba, you will find born and bred Brisbane locals here (yes, it took me a few months mum, but I finally found some after moving to Manly – and no I don’t believe they are actually an endangered species anymore).”

ToastyInQLD

“Manly wow what can I say, after living there for a couple of years I think the best word I could use to describe this fantastic area would be “Trendy”. Great restaurants, and a beautiful esplanade.”

Harry J

“Manly is an uncut diamond. Highly valuable but lacking in the killer punch that is presented. Manly needs development in the village are similar to what has been achieved in Bulimba. More entertainment options will bring more visitors, more visitors means the desirability of the area is enhanced. Increased desirability increases revenue for local businesses and property values. Development in Manly will make the diamond of the bay shine.”

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