Mollymook

POSTAL CODE: NSW, 2539

HOUSE

UNIT

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 $1,250,000.

The downward trend in home prices in MOLLYMOOK, 2539 averaged -1.28% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.7% increase in returns based on the current median price in MOLLYMOOK.

An average of 6.08 real estate transactions take place per month in MOLLYMOOK which translates to 73 per annum.

73 properties were sold in MOLLYMOOK in 2016, making it the 156th most active market in NSW based on total real estate transactions.

MOLLYMOOK, 2539 places 16th in Australia based on median property value growth during the quarter.

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 $730,000.

Investors saw the median home price rise to $730,000.

The upward trend in home prices in MOLLYMOOK, 2539 averaged 0% per annum over a 3-year period.

MOLLYMOOK now ranks at the 131st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MOLLYMOOK are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $530 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 91.4 days.

22 properties were sold in MOLLYMOOK in 2016, making it the 355th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,250,000	$730,000
Growth Report
Median Quarterly	5.93%	4.29%
Median 12 month	5.04%	-2.34%
Median 3 years	-3.85%	0%
Median 5 years	61.81%	40.93%
10 years average annual	11.06%	15.34%
Weekly media advert. rent	$650	$530
Time on Market	123.2 days	91.4 days
Gross Rental Yield Percent	2.7%	3.78%

Demographics (Median Values)*

Total Population 17979

Weekly Household Income 900

Household Size 2.20

Average Age 53

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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