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Molendinar

POSTAL CODE: QLD, 4214
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Property investors enjoyed capital gains of 13.69% over the last 12 months in MOLENDINAR, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 7.65% growth over a ten-year period. It ranks 1489th on our list of suburbs that property investors should look into.

MOLENDINAR, 4214 has a capital gain of 13.69% for the past year, which is lower than average compared to its 86.75% growth within a five-year period.

With the median home price in MOLENDINAR sitting at $1,162,500, and the average rent at $950, property owners could potentially earn a 4.25% increase in gross rental yield.

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

MOLENDINAR, 4214 in QLD belongs to the local government area of Gold Coast.

Surburb overview

Molendinar, postcode 4214, is a mixed-use suburb in the City of Gold Coast, Queensland. It is approximately 5.7 kilometres west of Southport and about 8.0 kilometres northwest of Surfers Paradise. The suburb encompasses an area of roughly 7.7 square kilometres. The Smith Street Motorway bounds Molendinar to the north, Olsen Avenue to the east, the Southport Nerang Road to the south, and the Pacific Motorway to the west. The land use is a mixture of residential and industrial areas.

As of the 2021 census, Molendinar had a population of 6,450 residents. The median age is 36. Households in Molendinar are primarily composed of couples with children, with an average household size of 3 people. The area experienced a population growth of 2.7% between 2011 and 2016. 

Molendinar is home to Trinity Lutheran College, a private primary and secondary school for boys and girls, operating its primary (Prep-5) campus at 641 Ashmore Road. There are no government schools within Molendinar; the nearest government primary schools are Ashmore State School in Ashmore and Nerang State School in Nerang. The closest government secondary schools are Keebra Park State High School in Southport and Nerang State High School in Nerang. 

The Lynne Richardson Community Centre is located at 2A Gidgee Court and provides a venue for various community activities and events. While Molendinar is not widely known for recreational facilities, its proximity to neighbouring suburbs such as Southport, Ashmore, and Labrador offers residents access to numerous amenities. The suburb is close to several of the Gold Coast's premier medical facilities, including the Gold Coast University Hospital, Pindara Private Hospital, and Allamanda Hospital.

The median sale price for houses in Molendinar over the last year is $1,075,000. The suburb has seen a median growth of 6.51% over the past 12 months. Rental yields for houses are currently at 4.45%, with an average weekly median rent of $850. 

Residents describe Molendinar as a safe and convenient suburb near hospitals and universities. The area is noted for its central location, providing easy access to the Gold Coast's central business district, major shopping centres, and private schools. The suburb is also home to the Crestwood Heights Estate, a well-planned family estate with around 1,000 homes, offering a lovely family environment with walking tracks and parks. 

Molendinar offers a blend of residential comfort, accessibility to essential amenities, and a community-oriented atmosphere, making it a desirable suburb within the Gold Coast region.

 

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