Suburb Profile Report for Mollymook NSW (2539)

Mollymook House: Median price $710,000, Annual capital growth 6.54%, Number of sales 17, Weekly median advertised rent $510

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in Mollymook has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.40%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mollymook has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -9.31% to buyers in Mollymook at the moment, which is less than average for the rest of NSW.

A $510 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 6.54%.

Metrics i HOUSE UNIT
$710,000 N/A
7.58% N/A
8.40% N/A
6.54% N/A
$510 N/A
17 N/A
3.74% N/A
160.166666666667 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 1184
Median household income ($/weekly) 816
Median age of persons 51
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 146 12.3
    35-44 years 133 11.2
    45-54 years 150 12.7
    55-64 years 211 17.8
    65-74 years 181 15.3
    Others 363 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 486 56.9
    Not Married 302 35.4
    Defacto Relationship 66 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 963 87.0
    Japan 9 0.8
    Papua New Guinea 20 1.8
    United Kingdom 72 6.5
    Other 18 1.6
    Others 25 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 840 79.1
    No Religion 189 17.8
    Buddhism 29 2.7
    Other Religious Groups 4 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 41 9.9
    $400-$599 76 18.4
    $600-$799 56 13.5
    $800-$999 63 15.2
    $1,500-$1,999 38 9.2
    Others 140 33.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 459 49.0
    Employed, worked full-time 216 23.1
    Employed, worked part-time 188 20.1
    Employed, away from work 40 4.3
    Unemployed, looking for work 33 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 63 14.2
    Professionals 56 12.6
    Technicians & trades workers 68 15.3
    Clerical & administrative workers 70 15.7
    Sales 64 14.4
    Others 124 27.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 80 37.7
    Secondary 70 33.0
    University or other Tertiary Institutions 25 11.8
    Technical or Further Educational Institution 20 9.4
    Pre-school 17 8.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 963 91.0
    Flat, unit or apartment 63 6.0
    Semi-detached, row or terrace house, townhouse 28 2.6
    Caravan, cabin, houseboat 4 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 236 52.2
    Being purchased 121 26.8
    Rented 95 21.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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