Suburb Profile Report for Molendinar QLD (4214)

Molendinar House: Median price $590,000, Annual capital growth 1.55%, Number of sales 87, Weekly median advertised rent $580

Molendinar Unit: Median price $305,000, Annual capital growth -1.11%, Number of sales 29, Weekly median advertised rent $380

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

Giving property investors a an unimpressive capital gain of -0.84% for the last year, Molendinar, 4214 is the 2894th highest performer in Australia in this respect.

Over the longer term, Molendinar has seen property prices show investors a 7.27% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Molendinar, 4214. Typically our figures indicate that -4.41% is being offered, which puts this QLD suburb at 3254th most discounted overall in Australia.

In the last year 87 properties changed hands in Molendinar, which puts it as the 267th most active market in QLD when comparing the number of sales per suburb.

Investment property in Molendinar has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.90%

The five-year average increase in median property values for Molendinar,4214 has given property investors a potential capital gain of 7.87% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in Molendinar itself are offering an average vendor discount of -1.39% to real estate investors.

At number 417 in a list of fastest selling suburbs, Molendinar is in the TOP 30% of suburbs in Australia with an average of days on market 49 for properties listed there.

Advertised rents are around the $380 mark per week – giving a return of 6.48% based on the median price in Suburb

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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
$590,000 $305,000
1.37% 0.83%
-0.84% 5.90%
1.55% -1.11%
$580 $380
87 29
5.11% 6.48%
96.06 49

Source: CoreLogic

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