Molong

POSTAL CODE: NSW, 2866

HOUSE

Property investors have seen a 6.64% 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 $562,500

Profits averaged 0.33% 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 $465 based on current median home prices for the suburb.

The gross rental yield in MOLONG, 2866 is 4.3%.

An average of 5.17 real estate transactions take place per month in MOLONG which translates to 62 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$562,500	N/A
Growth Report
Median Quarterly	6.64%	N/A
Median 12 month	7.66%	N/A
Median 3 years	1.35%	N/A
Median 5 years	74.15%	N/A
10 years average annual	8.97%	N/A
Weekly media advert. rent	$465	N/A
Time on Market	119.7 days	N/A
Gross Rental Yield Percent	4.3%	N/A

Demographics (Median Values)*

Total Population 3093

Weekly Household Income 1195

Household Size 2.60

Average 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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