Molloy Island (postcode 6290) is a quiet locality in Western Australia within the Augusta Margaret River local government area. With a population of 163, the suburb has a more retirement-aged population with a median age of 63. Households earn a median income of $45K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Molloy Island stand at $670,000, having climbed sharply by 17.5% over the last twelve months. The median weekly rent is $275 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,094.
From an investment perspective, Gross rental yield sits at around 2.1% (low yield). Property prices sit below the state median ($670K/$1.0M), which can point to relative value. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +17.5% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.