Suburb Profile Report for West Mackay QLD (4740)

West Mackay House: Median price $290,000, Annual capital growth -1.40%, Number of sales 77, Weekly median advertised rent $295

West Mackay Unit: Median price $197,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in West Mackay, 4740 have given investors a capital gain of -11.18%. This compares very badly with the 2.38% for QLD as a whole.

Taking the average capital gain, or increase in median house value, West Mackay,4740 has racked up an average of -11.18% over the period. This ranks it number 4040th in the whole country for real estate investors looking at median house price increases.

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 West Mackay, 4740. Typically our figures indicate that -9.14% is being offered, which puts this QLD suburb at 499th most discounted overall in Australia.

In the last year 77 properties changed hands in West Mackay, which puts it as the 319th most active market in QLD when comparing the number of sales per suburb.

A $295 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at -1.40%.

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

Property investors looking for a bargain in West Mackay should be aiming for at least -10.95% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in West Mackay the average time real estate has been on the market is 97.4 days.

West Mackay, 4740’s gross rental yield is 6.86%

Metrics i HOUSE UNIT
$290,000 $197,000
-2.68% -1.99%
-11.18% N/A
-1.40% N/A
$295 $260
77 11
5.29% 6.86%
71.25 97.4

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6506
Median household income ($/weekly) 1293
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 787 12.1
    25-34 years 929 14.3
    35-44 years 892 13.7
    45-54 years 853 13.1
    55-64 years 682 10.5
    Others 2365 36.3
    Age Group
    Census Count Percent(%)
    Not Married 1999 44.5
    Registered Married 1978 44.1
    Defacto Relationship 511 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5270 86.5
    Papua New Guinea 144 2.4
    Philippines 163 2.7
    United Kingdom 134 2.2
    Other 106 1.7
    Others 274 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.6
    Christianity 4817 80.9
    Hinduism 26 0.4
    Other Religious Groups 29 0.5
    No Religion 1033 17.3
    Others 19 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 195 9.1
    $400-$599 222 10.4
    $1,500-$1,999 269 12.6
    $2,000-$2,499 214 10.0
    $2,500-$2,999 194 9.1
    Others 1042 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2233 44.9
    Not in the labour force 1678 33.7
    Employed, worked part-time 776 15.6
    Employed, away from work 168 3.4
    Unemployed, looking for work 118 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 514 16.2
    Technicians & trades workers 697 21.9
    Clerical & administrative workers 423 13.3
    Machinery operators & drivers 330 10.4
    Labourers 338 10.6
    Others 875 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 70 5.9
    Infants/Primary 504 42.3
    Secondary 348 29.2
    Technical or Further Educational Institution 125 10.5
    University or other Tertiary Institutions 121 10.2
    Others 24 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4966 85.4
    Semi-detached, row or terrace house, townhouse 302 5.2
    Flat, unit or apartment 504 8.7
    Caravan, cabin, houseboat 30 0.5
    House or flat attached to a shop, office 11 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 885 37.5
    Fully owned 770 32.7
    Being purchased 691 29.3
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals