Molendinar is a medium-sized suburb in Queensland within the Gold Coast local government area (postcode 4214). The area has roughly 6,450 residents and a mix of families and early-career residents, with a median age of 37. Households earn a median income of $92K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Chinese.
Molendinar has a median house price of $1.0 million, which has risen steeply by 14% year-on-year. Units have a median price of $590,000 (+26.2% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 4.6%. 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 5,699 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.6%, which reads 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. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.