Suburb Profile Report for Molendinar QLD (4214)

Molendinar House: Median price $608,500, Annual capital growth 2.32%, Number of sales 98, Weekly median advertised rent $560

Molendinar Unit: Median price $345,000, Annual capital growth 1.43%, Number of sales 70, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

Information supplied by:


February 2018

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Nicknamed “Silver Bridle,” the suburb of Molendinar on the Gold Coast is struggling to sustain growth in its unit marketFull summary

High yield and affordability spur interest

Postcode: 4214

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
Metrics i HOUSE UNIT
$608,500 $345,000
0.00% 7.64%
4.91% 15.58%
2.32% 1.43%
$560 $393
98 70
4.79% 5.92%
72.63 92.24

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Molendinar QLD
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
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Recent sales & rentals