Molloy Island (postcode 6290) is a quiet locality in Western Australia within the Augusta Margaret River local government area. With a population of 163, the suburb has a more retirement-aged population with a median age of 63. Households earn a median income of $45K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median weekly rent is $275 (Census 2021). The median monthly mortgage repayment is $1,094.
From an investment perspective, Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.