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 $720,000.
The upward trend in home prices in MOLLYMOOK, 2539 averaged 9.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 5.06% increase in returns based on the current median price in MOLLYMOOK.
An average of 1.83 real estate transactions take place per month in MOLLYMOOK which translates to 22 per annum.
22 properties were sold in MOLLYMOOK in 2016, making it the 127th most active market in NSW based on total real estate transactions.
MOLLYMOOK, 2539 places 65th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $464,000.
Average median unit prices in NSW have risen as a whole, pulling MOLLYMOOK, 2539 values up and netting property investors a capital gain of 13.17% for the past year.
Investors saw the median home price rise to $464,000.
The upward trend in home prices in MOLLYMOOK, 2539 averaged 5.09% per annum over a 3-year period.
Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MOLLYMOOK, homes and units usually stay on listing for an average of 0.0 days.
11 properties were sold in MOLLYMOOK in 2016, making it the 576th most active market in NSW based on total real estate transactions.
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