Question 1

Is Mollymook Beach a nice place to live?

Accepted Answer

Mollymook Beach centres on a long sandy shore and a rocky headland, and includes a retail and dining strip.

It is an older community of couples without children at home, with 58.5% of homes owned outright. Local facilities support surf and swimming, coastal walks, a clifftop golf course and recreational open space, and road links via the Princes Highway connect to neighbouring towns. The South Mollymook Coastal Protection Works has had its detailed engineering and landscape design finalised and council is investigating funding for construction.

Question 2

Is it expensive to live in Mollymook Beach?

Accepted Answer

A typical house sale at $1,257,500 in Mollymook Beach works out to about 19.4 times a typical local annual household income, using the median total household income of $1,247 a week from the most recent Census, so buying sits well above local incomes.

House rents of around $650 a week would take about 52% of that weekly household income, which is a large share, so if you're renting rather than buying that rent share is the number that matters when judging how expensive Mollymook Beach would feel.

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

Question 3

Is Mollymook Beach a good place to invest?

Accepted Answer

What stands out in Mollymook Beach is that house rents rose a solid 8.3% over the past 12 months, while house values edged up a slight 0.9%. For houses in Mollymook Beach, rental income has outpaced capital growth.

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.

	Houses	Units
Median price Past 3 months	$1.26M	N/A
Change in value Past 12 months	0.9%	N/A
Sold Past 3 months	20	2
Median days on market Past 12 months	100	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	8.3%	N/A

	Suburb	NSW
Median age years	57	39
Median household income weekly	$1,247	$1,829
Couples with children share of families	26.7%	44.7%
Couples without children share of families	61.3%	37.9%
One-parent families share of families	11.1%	15.8%
Homes owned outright share of homes	58.5%	32.6%
Homes with a mortgage share of homes	23.5%	33.6%
Homes rented share of homes	18.0%	33.7%

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