Suburb Profile Report for Molong NSW (2866)

Molong House: Median price $257,250, Annual capital growth 2.88%, Number of sales 60, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report

With a capital gain of -8.94% for the last 12 months, Molong, 2866 has performed for property investments than its average annual 2.88% property growth over the last 5 years.

Over the longer term, Molong has seen property prices show investors a -8.13% return over the last 3 years. This is worse than over the last 12 months

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 Molong, 2866. Typically our figures indicate that -6.27% is being offered, which puts this NSW suburb at 1677th most discounted overall in Australia.

Using the current median advertised rental of $275 and the average annual increase in value of a median property of 2.88%, investors should hope to achieve an overall return of 5.56%

HOUSE UNIT
$257,250 N/A
1.08% N/A
-8.94% N/A
2.88% N/A
$275 N/A
60 N/A
5.56% N/A
125.28 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Molong NSW
Demographics
Total population 2515
Median household income ($/weekly) 1008
Median age of persons 39
Median housing loan repayment ($/monthly) 1417
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 401 15.9
    25-34 years 261 10.4
    35-44 years 274 10.9
    45-54 years 335 13.3
    55-64 years 312 12.4
    Others 933 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 986 56.3
    Not Married 631 36.0
    Defacto Relationship 134 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2268 93.3
    Papua New Guinea 23 0.9
    South Africa 13 0.5
    United Kingdom 79 3.2
    Other 21 0.9
    Others 28 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 2030 85.3
    No Religion 326 13.7
    Buddhism 13 0.5
    Other Religious Groups 12 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 80 9.8
    $400-$599 124 15.2
    $1,000-$1,249 92 11.2
    $1,500-$1,999 93 11.4
    $2,000-$2,499 78 9.5
    Others 351 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 758 40.4
    Employed, worked full-time 721 38.4
    Employed, worked part-time 287 15.3
    Employed, away from work 71 3.8
    Unemployed, looking for work 40 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 235 21.8
    Professionals 150 13.9
    Technicians & trades workers 162 15.0
    Clerical & administrative workers 147 13.6
    Labourers 104 9.7
    Others 279 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 67 10.7
    Infants/Primary 250 40.0
    Secondary 213 34.1
    Technical or Further Educational Institution 51 8.2
    University or other Tertiary Institutions 37 5.9
    Others 7 1.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2245 95.4
    Flat, unit or apartment 38 1.6
    Semi-detached, row or terrace house, townhouse 35 1.5
    House or flat attached to a shop, office 20 0.8
    Caravan, cabin, houseboat 15 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 369 41.5
    Being purchased 314 35.3
    Rented 194 21.8
    Other tenure type 13 1.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals