Suburb Profile Report for Mollymook Beach NSW (2539)

Mollymook Beach House: Median price $641,000, Annual capital growth 5.44%, Number of sales 76, Weekly median advertised rent $400

Mollymook Beach Unit: Median price $392,000, Annual capital growth 3.60%, Number of sales 13, Weekly median advertised rent $525

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

Source: CoreLogic

  • House Report
  • Unit Report

Mollymook Beach has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 25.07% to date .

Comparing Mollymook Beach,2539 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Mollymook Beach itself are offering an average vendor discount of -4.04% to real estate investors.

On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.24%, without taking into account capital value appreciation, which has been averaging out at 5.44%.

If you compare the increase in value of investment property in Mollymook Beach, 2539 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 23.46%.

Across a shorter period, Mollymook Beach, 2539 has seen a median price increase of 1.55% over the last quarter.

Our latest figures would indicate that property sellers in Mollymook Beach are currently offering property investors an average price cut of -3.22% below the asking price at the moment.

At number 115 in a list of fastest selling suburbs, Mollymook Beach is in the TOP 10% of suburbs in Australia with an average of days on market 38.86 for properties listed there.

Advertised rents are around the $525 mark per week – giving a return of 6.96% based on the median price in Suburb

Metrics i HOUSE UNIT
$641,000 $392,000
9.95% 1.55%
25.07% 23.46%
5.44% 3.60%
$400 $525
76 13
3.24% 6.96%
88.91 38.86

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Mollymook Beach NSW
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