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%.
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