Manly Property Market Trends & Market Insights
November 19, 2024
Arguably the most coveted suburb in Sydney’s Northern Beaches, the median house price has soared past the four million dollar mark since September 2021. It’s not hard to see why – Manly has long been one of Sydney’s most prized possessions, offering waterfront living, a tight-knit community, and world-class dining and entertainment.
Attracting all walks of life, Manly is one of the most competitive property markets in Sydney and Australia.
Here at NE Aspect, we’ve helped many buyers find their ideal property in Manly.
Yes, properties come at a premium, and yes, it’s extremely competitive – but we’re also locals ourselves; so we know a thing or two about finding the right Manly property for the right people (at the right price!).
Supply & demand in Manly
As we write this in late 2024, there are an estimated 75 houses and 275 units available for sale (CoreLogic) in Manly. Notably, these figures do not include off-market properties for private sale.
As mentioned, demand for Manly property is driven by the highly desirable lifestyle — the suburb boasts some of the best beaches in the world (in our opinion!), excellent amenities, good transport links, and plenty of education opportunities. It’s both family-friendly and buzzy enough for young, retired, and international crowds to intersect.
In the past 12 months, the number of sales for houses and units was recorded at 55 and 305 respectively. Homes spend an average of 61 days on the market and units spend an average of 39 days (data averaged over 12 months).
Average House Prices in Manly
The median property price in Manly is $4,300,000 for houses and $1,750,00 for units. Here’s a breakdown of how median house prices have changed over the last four years:
November 2024
Average price: $4,362,500
November 2023
Average price: $4,410,000
November 2022
Average price: $4,215,000
November 2021
Average price: $4,250,000
Average Unit Prices in Manly
November 2024
Average price: $1,750,000
November 2023
Average price: $1,627,500
November 2022
Average price: $1,897,500
November 2021
Average price: $1,845,000
Average House Rental Prices in Manly
An estimated 40% of Manly’s residents are renters. Weekly rental prices in Manly average $1,800. The rental yield for homes in Manly is 2.13%, with an average annual change of 2.77% in weekly rent.
November 2024
Average price: $1,800 per week
November 2023
Average price: $1,865 per week
November 2022
Average price: $1,595 per week
November 2021
Average price: $1,550 per week
Average Unit Rental Prices in Manly
Unit rental prices in Manly have experienced an 8.8% increase since November 2023, with current rental prices nearing $1,000 a week. The rental yield for units in Manly is 3.0%.
November 2024
Average price: $925 per week
November 2023
Average price: $850 per week
November 2022
Average price: $775 per week
November 2021
Average price: $775 per week
How Manly compares to the broader Sydney market
Sydney’s median house price hit a record of $1,654,668 in September 2024 but still remains a far cry from Manly’s $4M+ median house price. For context, neighbouring suburbs in the of Dee Why and Balgowlah median property prices are $3,000,000 and $3,380,000 respectively.
According to realestate.com.au, Manly is the third most ‘valuable’ suburb across all of Sydney – holding the postcode with the highest house prices in Sydney’s Northern Beaches.
Manly is also one of Sydney’s fastest-growing real estate markets — since November 2019, the median house price in Manly has increased by more than 50%, from $2.9M to the current $4,362,500.
Should buyers be looking in Manly in 2025?
If you’re looking to purchase in Manly for 2025, the main hurdle will be competing with other buyers to find a property that meets your needs. Real estate demand in Manly is consistently high — in 2024, homes in Manly were selling within a period of 30-60 days. Buyers looking for the right opportunity can benefit from working with a buyer’s agent to expand the search to include off-market properties, and to get a good price!
Proximity to the Sydney CBD, idyllic coastal lifestyle, and easy access to a wide spread of amenities is why Manly continues to be in such hot demand. Whether you are looking for your dream home in Manly or a lucrative investment opportunity, NE Aspect is the leading Northern Beaches buyer’s agent to work with. Get in touch with our team to find out more about how we can find you the right property in Manly, for the right price!
