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Suburb Insights ยท VIC 3024

Manor Lakes 3024, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Manor Lakes is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 12,675, making it a smaller community. Located approximately 34 km from the Melbourne CBD, Manor Lakes is a middle ring area in Victoria. The median household income is $119,392 AUD per year (ABS 2021 Census).

Investment Score

71 / 100 Good

Manor Lakes benefits from a high-income resident base, supporting premium property pricing. Greater distance from the CBD may temper short-term capital growth.

Location

Map shows Manor Lakes, Victoria, Australia.

Key Indicators

Postcode
3024

Official Australia Post postcode for Manor Lakes. A postcode may cover multiple suburbs.

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Population
12,675

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$360/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$119,392/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
34 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,900/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
90% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Manor Lakes's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $360/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,900/month. A median household income of $119,392/year supports premium property values and indicates a well-employed resident base. 90% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Manor Lakes is a natural candidate for patient investors.

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Rental Yield

Expect competitive but not exceptional rental returns in Manor Lakes's current market.

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Renovation / Flip

Renovation projects in Manor Lakes can capture the gap between unrenovated and updated property prices.

Risk Factors

Run the numbers on a Manor Lakes property

Full Property Analysis

30-year projections for Manor Lakes

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Manor Lakes is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Manor Lakes have options โ€” presenting well-maintained properties is key to minimising vacancy. Overall, investor sentiment toward Manor Lakes is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Manor Lakes a good suburb for investment?

Manor Lakes is a middle ring area in Victoria with a population of 12,675. The median rent is $360/week and the median household income is $119,392/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Manor Lakes?

Key demand drivers in Manor Lakes include established amenities and transport access. 90% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Manor Lakes?

According to the ABS 2021 Census, Manor Lakes has a population of approximately 12,675. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Manor Lakes from the Melbourne CBD?

Manor Lakes is approximately 34 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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