Suburb Profile Report for Molendinar QLD (4214)

Molendinar House: Median price $595,000, Annual capital growth 1.96%, Number of sales 87, Weekly median advertised rent $560

Molendinar Unit: Median price $330,000, Annual capital growth 0.48%, Number of sales 62, Weekly median advertised rent $393

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

Molendinar is in the bottom 40% in QLD when comparing median price capital growth over the last year. Molendinar gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.42%.

Across a shorter period, Molendinar, 4214 has seen a median price increase of -1.98% over the last quarter.

At number 485th of QLD’s most discounted properties, Molendinar is in the TOP 40% of the state/territory when listing in order of most discounted to least.

The QLD suburb of Molendinar, 4214 is in the Gold Coast local government area.

Property investors who have had real estate in Molendinar, 4214 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.45%

Comparing Molendinar,4214 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -4.53% to buyers in Molendinar at the moment, which is less than average for the rest of QLD.

A $392.5 per week rent on the median house gives suburb investors a gross yield of circa 6.18%, without taking into account capital value appreciation, which has been averaging out at 0.48%.

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
$595,000 $330,000
-1.98% -4.76%
-0.42% 6.45%
1.96% 0.48%
$560 $393
87 62
4.89% 6.18%
84.93 88.09

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