Suburb Profile Report for South Mackay QLD (4740)

South Mackay House: Median price $260,000, Annual capital growth -2.32%, Number of sales 75, Weekly median advertised rent $288

South Mackay Unit: Median price $175,000, Annual capital growth -3.66%, Number of sales 15, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in South Mackay has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.14%

While South Mackay,4740 ranked number 781th in QLD for increase in median house value (annualised) increase, it is ranked 713th over the last 5 years.

Property investors looking for a bargain in South Mackay should be aiming for at least -15.06% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

Advertised rents are around the $287.5 mark per week – giving a return of 5.75% based on the median price in Suburb

South Mackay, 4740 ranked 363th in QLD when comparing growth in median property values or capital gain over the last 12 months. South Mackay is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Mackay has fallen somewhat when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in South Mackay are currently offering property investors an average price cut of -21.19% below the asking price at the moment.

In the last year 15 properties changed hands in South Mackay, which puts it as the 341th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in South Mackay being $175000 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 6.54%

Metrics i HOUSE UNIT
$260,000 $175,000
-4.59% N/A
-7.14% -23.58%
-2.32% -3.66%
$288 $220
75 15
5.75% 6.54%
122.65 141.76

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 7415
Median household income ($/weekly) 1326
Median age of persons 36
Median housing loan repayment ($/monthly) 1914
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 840 11.3
    25-34 years 1170 15.8
    35-44 years 980 13.2
    45-54 years 1080 14.6
    55-64 years 795 10.7
    Others 2550 34.4
    Age Group
    Census Count Percent(%)
    Not Married 2368 44.1
    Registered Married 2297 42.8
    Defacto Relationship 702 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5921 85.6
    Papua New Guinea 201 2.9
    Philippines 217 3.1
    United Kingdom 154 2.2
    Other 142 2.1
    Others 282 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 0.8
    Christianity 5111 76.5
    Hinduism 29 0.4
    Islam 27 0.4
    No Religion 1436 21.5
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 217 9.0
    $400-$599 234 9.7
    $1,500-$1,999 336 14.0
    $2,000-$2,499 258 10.7
    $2,500-$2,999 228 9.5
    Others 1134 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2635 46.7
    Not in the labour force 1650 29.3
    Employed, worked part-time 949 16.8
    Employed, away from work 241 4.3
    Unemployed, looking for work 163 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 449 11.7
    Technicians & trades workers 791 20.7
    Clerical & administrative workers 535 14.0
    Machinery operators & drivers 523 13.7
    Labourers 537 14.0
    Others 994 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.9
    Infants/Primary 547 42.7
    Secondary 352 27.5
    Technical or Further Educational Institution 152 11.9
    University or other Tertiary Institutions 129 10.1
    Others 27 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5693 83.1
    Flat, unit or apartment 781 11.4
    Semi-detached, row or terrace house, townhouse 375 5.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1035 38.1
    Being purchased 871 32.0
    Fully owned 806 29.7
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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