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Manor Lakes, VIC 3024
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$655,000
market range $625K-$750K
Median Unit
$675,000
list-price estimate
Gross Yield (houses)
3.8%
1yr Growth (houses)
+2.6%
market range -2.5% to +15.0%
Investment snapshot for Manor Lakes
Manor Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Manor Lakes market and investor summary
Manor Lakes (VIC 3024) runs a median house price of $655K, with houses yielding a gross 3.8%. House prices have moved +2.6% over the past year. At 3.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet.
Living in Manor Lakes: people, income and schools
About 12,675 people live in Manor Lakes, and the area has been growing steadily, up about 30% over five years. The median age is 31, younger than the national median, and 71% of homes are owner-occupied.
Households here earn a median of about $119,000 a year, or roughly $2,300 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to roughly 5.5 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
There are 16 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 33 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 12,675
- +30% over 5yr
- Median age
- 31 years
- Median household income
- $119,000/yr
- Households renting
- 26%
- Family households
- 89%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 16
- avg ICSEA 1009
- Unemployment
- 7.6%
- Distance to CBD
- 33 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Manor Lakes
View all →Frequently asked questions about Manor Lakes
What should I check before investing in Manor Lakes?
Manor Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Manor Lakes?
The median property price in Manor Lakes, VIC 3024 is $655K for houses.
What rental yield does Manor Lakes show?
The gross rental yield in Manor Lakes is 3.8% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Manor Lakes?
House prices in Manor Lakes are up 2.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Manor Lakes?
The current vacancy rate in Manor Lakes is 3.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Manor Lakes?
Manor Lakes has a population of approximately 12,675 residents, with a median age of 31.
What schools are near Manor Lakes?
There are 16 schools within roughly 5km of Manor Lakes. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Manor Lakes affordable to buy in?
A median house in Manor Lakes costs about 5.5 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Manor Lakes's population growing?
The population of Manor Lakes has grown about 30% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Manor Lakes from the CBD?
Manor Lakes is about 33 km from the CBD.
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