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%