How to pay off your mortgage in 10 years
Investors looking to get out of debt sooner and start creating wealth for themselves have been advised that they can pay off their home loan...
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 $655,000.
The upward trend in home prices in MOLLYMOOK, 2539 averaged 3.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.57% increase in returns based on the current median price in MOLLYMOOK.
An average of 2 real estate transactions take place per month in MOLLYMOOK which translates to 24 per annum.
24 properties were sold in MOLLYMOOK in 2016, making it the 778th most active market in NSW based on total real estate transactions.
MOLLYMOOK, 2539 places 599th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $655,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.77% | N/A |
| Median 12 month | -8.39% | N/A |
| Median 3 years | 9.46% | N/A |
| Median 5 years | 25.96% | N/A |
| 10 years average annual | 5.52% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 146.9 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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