Suburb Profile Report for Mollymook Beach NSW (2539)

Mollymook Beach House: Median price $625,000, Annual capital growth 5.12%, Number of sales 80, Weekly median advertised rent $400

Mollymook Beach Unit: Median price $398,000, Annual capital growth 3.39%, Number of sales 12, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Mollymook Beach is in the TOP 10% in NSW when comparing median price capital growth over the last year. Mollymook Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 25.63%.

Mollymook Beach,2539 has offered an average of 25.63% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Mollymook Beach are currently offering property investors an average price cut of -4.84% below the asking price at the moment.

Often selling an investment property can take time, and in Mollymook Beach the average time real estate has been on the market is 88.06 days.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 3.33%

Over the last year, property investments in Mollymook Beach, 2539 have given investors a capital gain of 22.65%. This compares very favourably with the 6.07% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mollymook Beach has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mollymook Beach, 2539. Typically our figures indicate that -2.15% is being offered, which puts this NSW suburb at 1433th most discounted overall in Australia.

Residents and property investors in Mollymook Beach have been waiting around 36.71 days to sell a property.

Advertised rents are around the $450 mark per week – giving a return of 5.88% based on the median price in Suburb

Metrics i HOUSE UNIT
$625,000 $398,000
8.46% 3.38%
25.63% 22.65%
5.12% 3.39%
$400 $450
80 12
3.33% 5.88%
88.06 36.71

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (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