Suburb Overview

Manor Lakes, VIC 3024, is a rapidly developing suburb known for its family-friendly atmosphere, modern amenities, and proximity to schools, parks, and public transport, making it an attractive location for both first-home buyers and investors.

Transport

School Quality

Walkability

Safety

Upsides

Affordable Housing: Property prices in Manor Lakes are generally more affordable compared to inner-city suburbs.
Family-Friendly Environment: The area is known for its family-oriented community and access to parks and schools.
New Developments: Ongoing developments can enhance infrastructure and amenities, improving overall living standards.
Natural Surroundings: Proximity to natural reserves and lakes offers recreational opportunities and a pleasant environment.

Downsides

Limited Public Transport: The area has fewer public transport options, making commuting more challenging.
Distance from CBD: Manor Lakes is located further from Melbourne's CBD, leading to longer travel times for work or leisure.
Growing Population: Rapid population growth can lead to overcrowding and strain on local amenities.
Limited Entertainment Options: Fewer entertainment and dining options compared to more urbanised areas.

Summary Last Month

Sale Market

Median Days on Market

36

-81%

Sold Properties

17

-30%

Median Sold Price

$657,500

+2%

Rental Market

Median Days on Market

3

-92%

Rented Properties

57

+24%

Median Rent Price

$480

+5%

Note: Median sold price reflects the suburb as a whole and may not match the uniqueness of your property. For a more accurate valuation estimate for your property, click below.

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