Over the last year, property investments in North Mackay, 4740 have given investors a capital gain of -12.73%. This compares very badly with the 2.51% for QLD as a whole.
Across a shorter period, North Mackay, 4740 has seen a median price increase of -2.04% over the last quarter.
Property investors looking for a bargain in North Mackay should be aiming for at least -13.64% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of -2.83%, investors should hope to achieve an overall return of 5.42%