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Molloy Island, WA 6290

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Molloy Island, WA 6290 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Molloy Island, WA 6290”

  1. The total adult population (15 years or older) of Molloy Island 6290 WA is 161, with a median age of 63. Of those, 67.70% are married, 13.66% are divorced or separated, 9.94% are single and 9.32% are widowed.

    The average household size is 1.7 people per dwelling, and the median household monthly income is estimated to be $4,300. The median monthly mortgage repayment for households in this suburb is $1,094 which is 25.44% of their earnings.

    Source: ABS Census Data (2021)

  2. The unique setting of Molloy Island 6290 with its 289 households nestled in Western Australia, presents interesting real estate prospects. As we navigate the third quarter of 2023, the typical pricing for houses in this quaint suburb stands at $396,597. With a median weekly rent of $333, the indicative yield measures at a comfortable 4.37%, demonstrating its potential to generate significant cash-flow for property investors.

    Keeping a close eye on socio-economic factors, Molloy Island scores a promising 946 out of a possible 1,217 on the IRSAD scale. This indicates that the suburban population has a good income level, strong economic resources and comprises professionals who add to the skilled community.

    From a property investment perspective, with a renter to owner ratio of just 18%, Molloy Island shows a considerable lean towards property ownership which decreases the risk associated with oversaturated rental markets. Its non-existent units to houses ratio (0%) suggests predominantly house-only living which attracts steady, long-term tenants, making it a desirable investment locale.

    Nonetheless, the affordability index for houses stands at 36 years, suggesting a slight decrease in affordability. However, with the stock on market percentage at merely 0.69% and inventory level for houses at just 1.41 months, market saturation remains low, signalling favourable conditions for investors to bag property quickly due to low supply, hence, possibly driving a potential capital gain in the future.

    While the housing market may appear to be slow-moving with an average of 425 days on the market, buy search index for houses commandingly stands at 9 indicating high demand. However, the vacancy rate of 3.92% suggests a nearly balanced rental market.

    Despite varying market indices, it’s important to not just consider static metrics but also the evolution of these indicators. Stay connected with our RCS (Relative Composite Score) developed by HtAG Analytics, enabling a holistic overview of property market conditions based on quantifiable characteristics. It’s essential to remember that even unfavourable indices can be outweighed by a preponderance of favourable ones. So, savvy investors, keep a close watch and leverage this data into your investment decisions in Molloy Island.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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