If you compare the increase in value of investment property in Molendinar, 4214 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.93%.
While Molendinar,4214 ranked number 227th in QLD for increase in median house value (annualised) increase, it is ranked 313th over the last 5 years.
At number 770th of QLD’s most discounted properties, Molendinar is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $550 mark per week – giving a return of 4.93% based on the median price in Suburb
QLD has seen average median house prices change by 0.48% which means that Molendinar, 4214 has done well for property investors by showing a capital gain of -7.01% over the last year
Comparing Molendinar,4214 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Molendinar should be aiming for at least -2.31% off the asking price, which is the average vendor discount being achieved at the moment.
At number 923 in a list of fastest selling suburbs, Molendinar is in the bottom 40% of suburbs in Australia with an average of days on market 87.79 for properties listed there.
The QLD suburb of Molendinar, 4214 is in the Gold Coast local government area.