Molendinar, 4214 ranked 689th in QLD when comparing growth in median property values or capital gain over the last 12 months. Molendinar is one of 2415 in our list for QLD
Molendinar,4214 was ranked 3779 in Australia by increase in median property value over the quarter.
The most recent median price for Molendinar is $579000, with sellers offering an average of -6.39% off the asking price.
In the last year 75 properties changed hands in Molendinar, which puts it as the 310th most active market in QLD when comparing the number of sales per suburb.
Molendinar is 261th on a list of best yielding suburbs for rents in QLD with a 5.30% return
At number 853th in the list of Australian suburbs ordered by increase in median house value over the last year, Molendinar, 4214 is in the BOTTOM 50% with a property value increase of -1.61% recorded in median house prices.
Molendinar,4214 has offered an average of -1.61% return per annum in house price rises to property investors over the last three years.
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.