Property value increases in South Mackay have tracked lower than the QLD average of 2.51% over the last 12 months.
Taking the average capital gain, or increase in median house value, South Mackay,4740 has racked up an average of -7.32% over the period. This ranks it number 4097th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -15.50% to buyers in South Mackay at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
South Mackay is in the bottom 10% in QLD when comparing median price capital growth over the last year. South Mackay gave property investors a dismal capital gain figure when compared to the rest of the state, with -19.10%.
If we look at median property appreciation over just the last three months, South Mackay has given property investors a paper return of -2.70%. This puts Suburb as 285 on a list of fastest fasting appreciating suburbs in QLD
South Mackay, 4740 is offering QLD ‘s 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.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of -3.76%, investors should hope to achieve an overall return of 6.36%