Get a property report and suburb profile for any property in Molendinar

Molendinar is an inner-north Gold Coast suburb with a practical, working character where light industrial zones sit alongside established residential streets. Housing ranges from postwar fibro and brick houses to pockets of newer townhouses and low-rise units. The community of 6,450 has a median age of 37 and a median total household income of $1,767 a week (roughly $92,000 a year), and families predominate, with couple families with children the largest group. Owner-occupation is the norm (64.5% owner-occupied, 35.5% rented).

Everyday life revolves around local parks and sporting fields, small shopping strips, regular bus services and the Lynne Richardson Community Centre, with the council waste and recycling centre also in the suburb. Molendinar tends to suit people after straightforward, no-frills living—particularly families, tradies and those who need easy access to nearby employment precincts and larger commercial or beachfront areas. At present there are no significant new infrastructure or development projects in Molendinar.

Buying in Molendinar sits well above what local households earned at the last Census: the median house price of $1,272,500 is about 13.8 times a typical local household's annual income at the last Census (weekly household income $1,767 × 52 = $91,884). Renting a house would also take a large share of that income — $940 a week is roughly 53.2% of a typical local household's weekly income at the last Census.

On these figures, both buying and renting require a substantial portion of the typical local household income recorded at the last Census; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Molendinar rose 16.5% over the past 12 months, a strong increase in the price of houses. Over the same period house rents climbed 7.1%, a solid rise in rental income. For houses here, capital growth outpaced rental income this year; if rental income is your priority the rent figure is the most relevant, while those focused on capital gains will note the larger value increase. Whether that suits your goals and circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.