Mollymook Beach

POSTAL CODE: NSW, 2539

HOUSE

UNIT

Property investments in MOLLYMOOK BEACH did not fare well against the rest of the country last year, registering a median home price decrease of 5.04%.

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

Based on its average 5-year and quarterly capital gains MOLLYMOOK BEACH, 2539 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 123.2 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,250,000.

MOLLYMOOK BEACH ranks 794th on the list of best yielding suburbs for rental properties in NSW, posting a 2.7% return.

Based on its average 5-year and quarterly capital gains MOLLYMOOK BEACH, 2539 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MOLLYMOOK BEACH, 2539 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $530 mark, reflecting a 3.78% increase in returns based on the current median price in MOLLYMOOK BEACH.

An average of 1.83 real estate transactions take place per month in MOLLYMOOK BEACH which translates to 22 per annum.

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

MOLLYMOOK BEACH, 2539 places 131st in Australia based on median property value growth during the quarter.

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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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