South Mackay is an average performer in QLD when comparing median price capital growth over the last year. South Mackay gave property investors a average capital gain figure when compared to the rest of the state, with 2.14%.
The five-year average increase in median property values for South Mackay,4740 has given property investors a potential capital gain of -25.68% across each of those five years.
Sellers are offering property buyers an average discount of -13.91% to buyers in South Mackay at the moment, which is less than average for the rest of QLD.
With the median price for a house in South Mackay being $275000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.48%
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 -7.21%
While South Mackay,4740 ranked number 22th in QLD for increase in median house value (annualised) increase, it is ranked 314th over the last 5 years.
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 -20.54% is being offered, which puts this QLD suburb at 6th most discounted overall in Australia.
South Mackay, 4740’s gross rental yield is 5.79%