Mollyan is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2842). With a population of 48, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Mollyan is $2.1 million, having dropped significantly 40.8% over the past year. The current median weekly rent is $270. This gives a gross rental yield of approximately 0.7%.
Public transport access includes 3 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Mollyan offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.4x is considered stretched. House prices have moved -40.8% year-on-year.
Mollyan is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2842). With a population of 48, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Mollyan is $2.1 million, having dropped significantly 40.8% over the past year. The current median weekly rent is $270. This gives a gross rental yield of approximately 0.7%.
Public transport access includes 3 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Mollyan offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.4x is considered stretched. House prices have moved -40.8% year-on-year.