If you compare the increase in value of investment property in East Mackay, 4740 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -14.31%.
If we look at median property appreciation over just the last three months, East Mackay has given property investors a paper return of -7.36%. This puts Suburb as 792 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that East Mackay is offering property investors an average of -7.31. This rate of discount on properties puts Suburb at number 42th in terms of most discounted suburbs in QLD
East Mackay, 4740’s gross rental yield is 5.01%
Property value increases in East Mackay have tracked lower than the QLD average of 1.70% over the last 12 months.
Across a shorter period, East Mackay, 4740 has seen a median price increase of -29.65% over the last quarter.
East Mackay is 273th on a list of best yielding suburbs for rents in QLD with a 4.76% return