Question 1

Is Mollymook Beach a nice place to live?

Accepted Answer

Mollymook Beach is a south coast seaside village centred on a long sandy beach and rocky headland that attract surfers, swimmers and families. It has a holiday-town character, mixing permanent residents and holiday homes, with a small village shopping strip, cafes and an established coastal golf course looking out to the ocean. Housing ranges from single-storey beach cottages to newer coastal houses and low-rise apartments, many with sea views, and coastal walking and beachside recreation shape a relaxed everyday rhythm.

The community of 2,531 has a median age of 57 and a median household income of $1,247 a week ($64,844 a year). Families are dominated by couples, and most homes are owner-occupied (82.0%) with 18.0% rented. Council-led coastal protection and utility works are under way or planned, and the area now receives daily drone surveillance under an expanded shark-monitoring program. Whether Mollymook Beach suits you will come down to whether a seaside village lifestyle fits what you want.

Question 2

Is it expensive to live in Mollymook Beach?

Accepted Answer

On the figures, a house renting for $650 a week would take about 52.2% of a typical local household's weekly income as recorded at the most recent Census, a large share of income. Buying is much more stretched: the median house price of $1,257,500 in Mollymook Beach works out to about 19.4 times a typical local household's annual income at the most recent Census, which sits well above local incomes on these figures. Whether that feels expensive depends on your own income and whether you plan to rent or buy.

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

House rents in Mollymook Beach rose a solid 8.3% over the past 12 months, while house values fell a modest 2.5% in the same period. In other words, rental income moved noticeably higher this year while the price of houses eased back slightly.

If rental income is your priority, that rent rise is the figure that matters. If capital growth is your focus, the modest decline in house values is the relevant number. Whether that balance suits your plans depends on your objectives and circumstances.

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	-2.5%	N/A
Sold Past 3 months	22	2
Median days on market Past 12 months	87	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	8.3%	N/A

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