Thinking about buying in Mannerim? Now could not be a better time, with just 134 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,447,000 with prices in this suburb ranging from $1,368,000 to $4,540,000. Mannerim is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Mannerim Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Mannerim driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mannerim are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Mannerim provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Mannerim the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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General Points of Interest

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