If you compare the increase in value of investment property in South Mackay, 4740 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.57%.
Taking the average capital gain, or increase in median house value, South Mackay,4740 has racked up an average of -3.57% over the period. This ranks it number 4061th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that South Mackay is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in QLD
Residents and property investors in South Mackay have been waiting around 120.18 days to sell a property.
South Mackay is 115th on a list of best yielding suburbs for rents in QLD with a 5.59% return
Giving property investors a a poor capital gain of -24.84% for the last year, South Mackay, 4740 is the 1708th highest performer in Australia in this respect.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Mackay, 4740. Typically our figures indicate that -22.90% is being offered, which puts this QLD suburb at 2nd most discounted overall in Australia.
Renters in Suburb are facing rents around $2640 per annum or $220 every week.