Suburb Profile Report for Molendinar QLD (4214)

Molendinar House: Median price $580,000, Annual capital growth 2.89%, Number of sales 102, Weekly median advertised rent $550

Molendinar Unit: Median price $305,000, Annual capital growth 0.69%, Number of sales 65, Weekly median advertised rent $415

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$580,000 $305,000
2.25% -2.71%
1.93% -7.01%
2.89% 0.69%
$550 $415
102 65
4.93% 7.08%
58.47 87.79

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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