If you compare the increase in value of investment property in Molendinar, 4214 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 17.67%.
A 17.67% growth in median value for property investors in Molendinar,4214 puts this suburb at number 230th in terms of best performing suburbs in QLD
Property buyers and investors in Molendinar 4214 should be seeing an average reduction in asking price of around -4.28% . This means that Molendinar is holding prices well when compared to other suburbs in QLD.
A $640 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 3.30%.
Molendinar, 4214 ranked 315th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Molendinar has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Molendinar are currently offering property investors an average price cut of -2.80% below the asking price at the moment.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
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.