Property investors who have had real estate in South Mackay, 4740 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.82%
A -27.03% growth in median value for property investors in South Mackay,4740 puts this suburb at number 691th in terms of best performing suburbs in QLD
South Mackay, 4740 is offering QLD ‘s 21th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
In the last year 70 properties changed hands in South Mackay, which puts it as the 334th most active market in QLD when comparing the number of sales per suburb.
South Mackay is 112th on a list of best yielding suburbs for rents in QLD with a 5.59% return
At number 1669th in the list of Australian suburbs ordered by increase in median house value over the last year, South Mackay, 4740 is in the BOTTOM 10% with a property value increase of -17.90% recorded in median house prices.
Over the longer term, South Mackay has seen property prices show investors a -35.71% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for South Mackay is $180000, with sellers offering an average of -21.39% off the asking price.
At number 1405 in a list of fastest selling suburbs, South Mackay is in the bottom 10% of suburbs in Australia with an average of days on market 140.92 for properties listed there.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.36%, without taking into account capital value appreciation, which has been averaging out at -4.19%.