Mollymook

POSTAL CODE: NSW, 2539

HOUSE

UNIT

MOLLYMOOK, 2539 ranks 1698th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 4.35% for property investors.

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 $1,200,000.

The upward trend in home prices in MOLLYMOOK, 2539 averaged 3.03% per annum over a 3-year period.

Average weekly rents on listings have reached the $645 mark, reflecting a 2.8% increase in returns based on the current median price in MOLLYMOOK.

An average of 6.58 real estate transactions take place per month in MOLLYMOOK which translates to 79 per annum.

79 properties were sold in MOLLYMOOK in 2016, making it the 114th most active market in NSW based on total real estate transactions.

MOLLYMOOK, 2539 places 285th 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 $848,000.

Average median unit prices in NSW have risen as a whole, pulling MOLLYMOOK, 2539 values up and netting property investors a capital gain of 30.46% for the past year.

Investors saw the median home price rise to $848,000.

The upward trend in home prices in MOLLYMOOK, 2539 averaged 6.2% per annum over a 3-year period.

MOLLYMOOK now ranks at the 20th 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 high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of N/A 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 70.9 days.

17 properties were sold in MOLLYMOOK in 2016, making it the 443rd 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	$1,200,000	$848,000
Growth Report
Median Quarterly	3.9%	11.21%
Median 12 month	4.35%	30.46%
Median 3 years	9.09%	18.6%
Median 5 years	50.94%	28.58%
10 years average annual	10.68%	16.17%
Weekly media advert. rent	$645	N/A
Time on Market	110.3 days	70.9 days
Gross Rental Yield Percent	2.8%	0%

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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