Molendinar is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4214). With a population of 6,450, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $92K per year, with an average household size of 3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Molendinar is $1.0 million, having surged 14% over the past year. Units have a median price of $590,000 (+26.2% YoY). The current median weekly rent is $820. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,850.
Public transport access includes 22 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Molendinar offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($1.0M/$1.1M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved +14.0% year-on-year.
Molendinar is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4214). With a population of 6,450, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $92K per year, with an average household size of 3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Chinese.
The median house price in Molendinar is $1.0 million, having surged 14% over the past year. Units have a median price of $590,000 (+26.2% YoY). The current median weekly rent is $820. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,850.
Public transport access includes 22 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Molendinar offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($1.0M/$1.1M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved +14.0% year-on-year.