BONDI VS MANLY
Traditionally , Bondi is the younger and cooler cousin to Manly ’ s more laid-back style . And this shows up in the demographics of the two suburbs . Manly residents are older , there are more families and incomes are slightly higher . The age difference shows up in the number of renters - residents of Bondi are more likely to rent while Manly residents are more likely to own their homes outright .
When it comes to property performance , Manly houses and units have outperformed Bondi for price growth over the past 12 months . Manly ’ s house price median currently sits at $ 4.4 million , having increased by 43 per cent over the past 12 months . Meanwhile , Bondi house prices have increased a lot too , but slightly less than Manly at 32 per cent and now has a median of $ 3.9 million . The unit discrepancy is currently at $ 1.8 million median for Manly compared to $ 1.4 million for Bondi with price growth sitting at 20 per cent for Manly compared to 18 per cent for Bondi .
The younger demographic in Bondi is demonstrated by stronger rental growth compared to Manly , as younger people are more inclined to rent . Rental prices for Bondi houses have increased by 10 per cent compared to Manly at one per cent . Unit rental prices in Bondi have also seen an increase - eight percent compared to Manly ’ s three percent . Interestingly though , average weekly rents for units are the same in Bondi and Manly , despite Manly units being more expensive to buy .
Winner - Manly . Bondi has youth on its side and it would be easier to find a tenant for your rental , but price growth has been better for Manly .
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