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