Suburb Profile Report for Molendinar QLD (4214)

Molendinar House: Median price $567,000, Annual capital growth 2.68%, Number of sales 89, Weekly median advertised rent $548

Molendinar Unit: Median price $313,500, Annual capital growth 0.41%, Number of sales 66, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report

Molendinar, 4214 ranked 473th in QLD when comparing growth in median property values or capital gain over the last 12 months. Molendinar is one of 2415 in our list for QLD

Over the longer term, Molendinar has seen property prices show investors a 20.13% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Molendinar is giving property investors an average Vendor Discount of around -3.67%. This puts suburb at number 806th in QLD when ranking the most discounted suburbs.

A $547.5 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 2.68%.

Over the last year, property investments in Molendinar, 4214 have given investors a capital gain of 11.96%. This compares very favourably with the 1.12% for QLD as a whole.

Over the longer term, Molendinar has seen property prices show investors a 9.23% return over the last 3 years. This is an improvement over the last 12 months

Molendinar4214 is located in QLD which offers an average discount of -6.00% to property investors. Molendinar itself is showing figures that indicate -2.54% is the average achievable by property buyers investing in the suburb.

Situated 62.73km from the CBD, Molendinar is one of Gold Coast localities in the postcode 4214.

HOUSE UNIT
$567,000 $313,500
-0.18% -1.10%
2.16% 11.96%
2.68% 0.41%
$548 $435
89 66
5.02% 7.22%
60.1 87.19

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6213
Median household income ($/weekly) 1278
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 907 14.6
    25-34 years 801 12.9
    35-44 years 972 15.6
    45-54 years 925 14.9
    55-64 years 667 10.7
    Others 1942 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 2068 46.0
    Not Married 1997 44.4
    Defacto Relationship 429 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3781 64.9
    Croatia 146 2.5
    Papua New Guinea 553 9.5
    United Kingdom 293 5.0
    Other 271 4.6
    Others 784 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 169 3.0
    Christianity 3858 68.6
    Hinduism 100 1.8
    Islam 93 1.7
    No Religion 1337 23.8
    Others 63 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 176 9.8
    $800-$999 173 9.6
    $1,250-$1,499 184 10.2
    $1,500-$1,999 251 13.9
    $2,000-$2,499 200 11.1
    Others 816 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1763 38.2
    Not in the labour force 1442 31.2
    Employed, worked part-time 996 21.6
    Unemployed, looking for work 280 6.1
    Employed, away from work 135 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 493 17.0
    Technicians & trades workers 453 15.6
    Clerical & administrative workers 399 13.8
    Sales 402 13.9
    Labourers 341 11.8
    Others 808 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 89 5.5
    Infants/Primary 570 35.0
    Secondary 437 26.9
    Technical or Further Educational Institution 140 8.6
    University or other Tertiary Institutions 347 21.3
    Others 44 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5257 89.8
    Semi-detached, row or terrace house, townhouse 509 8.7
    Flat, unit or apartment 91 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 842 42.7
    Rented 735 37.3
    Fully owned 388 19.7
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals