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