At number 2121th 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 4.91% recorded in median house prices.
While Molendinar,4214 ranked number 474th in QLD for increase in median house value (annualised) increase, it is ranked 186th over the last 5 years.
Molendinar4214 is located in QLD which offers an average discount of -6.63% to property investors. Molendinar itself is showing figures that indicate -4.76% is the average achievable by property buyers investing in the suburb.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 2.32%.
Giving property investors a a solid capital gain of 15.58% for the last year, Molendinar, 4214 is the 242th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Molendinar has given property investors a paper return of 7.64%. This puts Suburb as 26 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Molendinar 4214 should be seeing an average reduction in asking price of around -5.85% . This means that Molendinar is holding prices well when compared to other suburbs in QLD.
Molendinar, 4214’s gross rental yield is 5.92%
Nicknamed “Silver Bridle,” the suburb of Molendinar on the Gold Coast is struggling to sustain growth in its unit marketFull summary
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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.Close