At number 3174th in the list of Australian suburbs ordered by increase in median house value over the last year, South Mackay, 4740 is in the BOTTOM 30% with a property value increase of -0.92% recorded in median house prices.
A -27.03% growth in median value for property investors in South Mackay,4740 puts this suburb at number 469th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in South Mackay are currently offering property investors an average price cut of -14.41% below the asking price at the moment.
Often selling an investment property can take time, and in South Mackay the average time real estate has been on the market is 119.91 days.
Advertised rents are around the $290 mark per week – giving a return of 5.59% based on the median price in Suburb
South Mackay has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -20.18% to date .
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 -20.49% is being offered, which puts this QLD suburb at 6th most discounted overall in Australia.
In the last year 19 properties changed hands in South Mackay, which puts it as the 313th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2580 per annum or $215 every week.