Coal Point vs Mollymook Beach

Houses cost about the same in both suburbs: the median house price is $1.2M in Coal Point and $1.2M in Mollymook Beach.

For units, Coal Point sits at a median of $600K against $850K in Mollymook Beach, which makes Coal Point the more affordable unit market and Mollymook Beach the pricier one.

Gross rental yield on houses is effectively level, at 2.90% in Coal Point and 2.91% in Mollymook Beach, so neither suburb has a cash flow edge on houses.

Over the past year house prices moved +5.1% in Coal Point and +3.0% in Mollymook Beach, so recent momentum favours Coal Point, although both suburbs recorded growth.

Looking back three years, Coal Point houses are +15.3% and Mollymook Beach houses +12.5%, so Coal Point has compounded faster than Mollymook Beach over the longer window.

Rental vacancy is 1.9% in Mollymook Beach and 2.1% in Coal Point, so landlords in Mollymook Beach face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mollymook Beach is the bigger suburb, with a population of 2,531 against 1,749, larger than Coal Point; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Coal Point for recent price momentum, Mollymook Beach for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.