Suburb Profile Report for Mollymook Beach NSW (2539)

Mollymook Beach House: Median price $642,500, Annual capital growth 5.32%, Number of sales 78, Weekly median advertised rent $437

Mollymook Beach Unit: Median price $392,000, Annual capital growth 4.56%, Number of sales 20, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report

Mollymook Beach, 2539 ranked 244th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mollymook Beach is one of 3163 in our list for NSW

A 52.98% growth in median value for property investors in Mollymook Beach,2539 puts this suburb at number 655th in terms of best performing suburbs in NSW

Vendor discounting in Mollymook Beach is giving property investors an average Vendor Discount of around -4.45%. This puts suburb at number 717th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $436.5 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 3.53%

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 26.45%.

If we look at median property appreciation over just the last three months, Mollymook Beach has given property investors a paper return of 1.55%. This puts Suburb as 291 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -2.76% to buyers in Mollymook Beach at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $550 mark per week – giving a return of 7.30% based on the median price in Suburb

Metrics i HOUSE UNIT
$642,500 $392,000
2.80% 1.55%
18.98% 26.45%
5.32% 4.56%
$437 $550
78 20
3.53% 7.30%
88.05 52.27

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
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Recent sales & rentals