Suburb Profile Report for Mollymook Beach NSW (2539)

Mollymook Beach House: Median price $583,000, Annual capital growth 4.34%, Number of sales 79, Weekly median advertised rent $555

Mollymook Beach Unit: Median price $386,000, Annual capital growth 6.78%, Number of sales 11, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.28% which means that Mollymook Beach, 2539 has done well for property investors by showing a capital gain of 21.46% over the last year

Across a shorter period, Mollymook Beach, 2539 has seen a median price increase of 4.76% over the last quarter.

Property investors looking for a bargain in Mollymook Beach should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 79 properties changed hands in Mollymook Beach, which puts it as the 404th most active market in NSW when comparing the number of sales per suburb.

A $555 per week rent on the median house gives suburb investors a gross yield of circa 4.95%, without taking into account capital value appreciation, which has been averaging out at 4.34%.

Investment property in Mollymook Beach has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.33%

Across a shorter period, Mollymook Beach, 2539 has seen a median price increase of 12.70% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mollymook Beach is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 431th in terms of most discounted suburbs in NSW

Mollymook Beach, 2539’s gross rental yield is 6.74%

Metrics i HOUSE UNIT
$583,000 $386,000
4.76% 12.70%
21.46% 17.33%
4.34% 6.78%
$555 $500
79 11
4.95% 6.74%
90.76 38

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2060
Median household income ($/weekly) 767
Median age of persons 54
Median housing loan repayment ($/monthly) 1365
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 185 9.0
    45-54 years 265 12.9
    55-64 years 344 16.7
    65-74 years 342 16.6
    75-84 years 232 11.3
    Others 693 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 869 54.6
    Not Married 607 38.2
    Defacto Relationship 115 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1641 84.2
    Greece 13 0.7
    Papua New Guinea 28 1.4
    United Kingdom 145 7.4
    Other 31 1.6
    Others 90 4.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1416 74.5
    No Religion 449 23.6
    Buddhism 25 1.3
    Other Religious Groups 8 0.4
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 83 10.3
    $400-$599 162 20.2
    $600-$799 122 15.2
    $800-$999 115 14.3
    $1,000-$1,249 79 9.8
    Others 242 30.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 911 54.1
    Employed, worked full-time 355 21.1
    Employed, worked part-time 300 17.8
    Unemployed, looking for work 69 4.1
    Employed, away from work 49 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 82 11.6
    Professionals 151 21.4
    Technicians & trades workers 106 15.0
    Community & personal service workers 96 13.6
    Clerical & administrative workers 82 11.6
    Others 189 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 11.0
    Infants/Primary 94 27.2
    Secondary 112 32.4
    Technical or Further Educational Institution 42 12.1
    University or other Tertiary Institutions 44 12.7
    Others 16 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1751 92.6
    Semi-detached, row or terrace house, townhouse 78 4.1
    Flat, unit or apartment 61 3.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 476 54.2
    Rented 219 24.9
    Being purchased 179 20.4
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals