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%