Suburb Profile Report for Mollymook NSW (2539)

Mollymook House: Median price $742,500, Annual capital growth 6.12%, Number of sales 27, Weekly median advertised rent $680

Mollymook Unit: Median price $395,000, Annual capital growth 14.69%, Number of sales 17, Weekly median advertised rent $700

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

Source: CoreLogic

  • House Report
  • Unit Report

Mollymook is in the TOP 10% in NSW when comparing median price capital growth over the last year. Mollymook gave property investors a very good capital gain figure when compared to the rest of the state, with 35.62%.

Taking the average capital gain, or increase in median house value, Mollymook,2539 has racked up an average of 35.62% over the period. This ranks it number 127th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Mollymook is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 397th in terms of most discounted suburbs in NSW

Residents and property investors in Mollymook have been waiting around 110.15 days to sell a property.

NSW has seen average median house prices change by 6.96% which means that Mollymook, 2539 has done well for property investors by showing a capital gain of 16.18% over the last year

Taking the average capital gain, or increase in median house value, Mollymook,2539 has racked up an average of 16.18% over the period. This ranks it number 114th in the whole country for real estate investors looking at median house price increases.

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, 2539. Typically our figures indicate that -6.62% is being offered, which puts this NSW suburb at 345th most discounted overall in Australia.

In the last year 17 properties changed hands in Mollymook, which puts it as the 483th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Mollymook being $395000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 9.22%

Metrics i HOUSE UNIT
$742,500 $395,000
18.23% 3.95%
35.62% 16.18%
6.12% 14.69%
$680 $700
27 17
4.76% 9.22%
110.15 148.4

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 1184
Median household income ($/weekly) 816
Median age of persons 51
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 146 12.3
    35-44 years 133 11.2
    45-54 years 150 12.7
    55-64 years 211 17.8
    65-74 years 181 15.3
    Others 363 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 486 56.9
    Not Married 302 35.4
    Defacto Relationship 66 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 963 87.0
    Japan 9 0.8
    Papua New Guinea 20 1.8
    United Kingdom 72 6.5
    Other 18 1.6
    Others 25 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 840 79.1
    No Religion 189 17.8
    Buddhism 29 2.7
    Other Religious Groups 4 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 41 9.9
    $400-$599 76 18.4
    $600-$799 56 13.5
    $800-$999 63 15.2
    $1,500-$1,999 38 9.2
    Others 140 33.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 459 49.0
    Employed, worked full-time 216 23.1
    Employed, worked part-time 188 20.1
    Employed, away from work 40 4.3
    Unemployed, looking for work 33 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 63 14.2
    Professionals 56 12.6
    Technicians & trades workers 68 15.3
    Clerical & administrative workers 70 15.7
    Sales 64 14.4
    Others 124 27.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 80 37.7
    Secondary 70 33.0
    University or other Tertiary Institutions 25 11.8
    Technical or Further Educational Institution 20 9.4
    Pre-school 17 8.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 963 91.0
    Flat, unit or apartment 63 6.0
    Semi-detached, row or terrace house, townhouse 28 2.6
    Caravan, cabin, houseboat 4 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 236 52.2
    Being purchased 121 26.8
    Rented 95 21.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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