Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $685,000.
The upward trend in home prices in MOLLYMOOK, 2539 averaged 10.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $510 mark, reflecting a 3.87% increase in returns based on the current median price in MOLLYMOOK.
An average of 3.33 real estate transactions take place per month in MOLLYMOOK which translates to 40 per annum.
40 properties were sold in MOLLYMOOK in 2016, making it the 29th most active market in NSW based on total real estate transactions.
MOLLYMOOK, 2539 places 711th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,000 | $520,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.8% | 0% |
| Median 12 month | -0.58% | 9.94% |
| Median 3 years | 30.48% | 52.94% |
| Median 5 years | 65.06% | 80.87% |
| 10 years average annual | 7.58% | 9.29% |
| Weekly media advert. rent | $510 | $400 |
| Time on Market | 99.8 days | 0.0 days |
| Gross Rental Yield Percent | 3.87% | 4% |
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