Unit prices in the Manly area rise more than 17 per cent

FRESH statistics released this week show that more than 5000 homes changed hands on the northern beaches in the past 12 months.
The median prices for both houses and units grew all over the peninsula but the stellar performing property was units in the old Manly local government area and houses in the former Pittwater local government area.
The median unit price in the Manly area jumped by 17.2 per cent in a year while the house median in the Pittwater area climbed 14 per cent.
CoreLogic RP Data’s monthly report show that property grew in value in all three old local government areas.

In the former Manly local government area, 403 houses have sold for a median sale price of $2,158,250, up 11.4 per cent on the previous 12 months; and 534 units sold for a median of $1,110,000, a 12-month increase of 17.2 per cent.
In old Pittwater, 975 houses have sold for a median sale price of $1,538,750, up 14 per cent on the previous 12 months; and 536 units sold for a median of $815,000, a 12-month increase of 8.7 per cent.
In what was Warringah, 1318 houses have sold for a median sale price of $1,475,000, up 10.1 per cent on the previous 12 months; and 1322 units sold for a median of $713,000, a 12-month increase of 8.9 per cent.

Originally published as Where the northern beaches property prices are growing