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Molong
AREA REPORTS

Molong

Molong - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2866

house

Property investors have seen a 9.87% gain in MOLONG based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains MOLONG, 2866 saw average growth in the long term.

The NSW 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 $345,000

Profits averaged 4.68% per annum over a 3-year period, due to an upward trend in home prices in MOLONG, 2866.

This means, real estate investors could earn a rental income of $325 based on current median home prices for the suburb.

The gross rental yield in MOLONG, 2866 is 4.9%.

An average of 7.08 real estate transactions take place per month in MOLONG which translates to 85 per annum.

Data report can be found below

Molong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $345,000 N/A
GROWTH REPORT
Median Quarterly 9.87% N/A
Median 12 month -7.26% N/A
Median 3 years 14.05% N/A
Median 5 years 38% N/A
10 years average annual 2.9% N/A
Weekly media advert. rent $325 N/A
Time on Market 87.5 days N/A
Gross Rental Yield Percent 4.9% N/A
demographics (median values)*
Total Population
3093
Weekly Household Income
1195
Household Size
2.60
Age
40
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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