Property value increases in Mollymook Beach have tracked higher than the NSW average of 4.04% over the last 12 months.
Mollymook Beach,2539 was ranked 1468 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.18% offered to property buyers. Sellers in Mollymook Beach itself are offering an average vendor discount of -7.71% to real estate investors.
Residents and property investors in Mollymook Beach have been waiting around 107.36 days to sell a property.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.71%, investors should hope to achieve an overall return of 4.42%
With a capital gain of 3.56% for the last 12 months, Mollymook Beach, 2539 has performed for property investments than its average annual 6.60% property growth over the last 5 years.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 6.93%, without taking into account capital value appreciation, which has been averaging out at 6.60%.