At number 2519th in the list of Australian suburbs ordered by increase in median house value over the last year, Molendinar, 4214 is in the BOTTOM 50% with a property value increase of -0.42% recorded in median house prices.
Molendinar,4214 has offered an average of -0.42% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Molendinar are currently offering property investors an average price cut of -5.21% below the asking price at the moment.
Situated 65.39km from the CBD, Molendinar is one of Gold Coast (C) localities in the postcode 4214.
Giving property investors a a solid capital gain of 10.15% for the last year, Molendinar, 4214 is the 247th highest performer in Australia in this respect.
A 9.78% growth in median value for property investors in Molendinar,4214 puts this suburb at number 73th in terms of best performing suburbs in QLD
Molendinar, 4214 is offering QLD ‘s 234th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
Often selling an investment property can take time, and in Molendinar the average time real estate has been on the market is 93.1 days.
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High yield and affordability spur interest
Median unit price: $310,000
Three-year growth: 8.8%
Rental yield: 7.0%
Nicknamed “Silver Bridle,” the suburb of Molendinar on the Gold Coast is struggling to sustain growth in its unit market.
Molendinar recorded some growth over the most recent five-year period, with the price hike peaking at 8.8% three years previously. However, values fell again by 2.2% in the 12 months leading up to November 2017.
Nonetheless, the affordability of apartments here (at a median price of $310,000) is coupled with a very high average rental yield of 7%. Thus, demand is enough that vendors can sell properties at an average discount rate of just 3.7%.
The suburb is in close proximity to Griffith Hospital and Griffith University. It is also near shops like a supermarket and Bunnings. The beach is just about 15 minutes away.