Investment property in West 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 -8.35%
Comparing West Mackay,4740 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
West Mackay4740 is located in QLD which offers an average discount of -7.16% to property investors. West Mackay itself is showing figures that indicate -10.23% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of -1.53%, investors should hope to achieve an overall return of 5.36%
If we look at median property appreciation over just the last three months, West Mackay has given property investors a paper return of 4.06%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in West Mackay 4740 should be seeing an average reduction in asking price of around -12.63% . This means that West Mackay is holding prices well when compared to other suburbs in QLD.
West Mackay, 4740’s gross rental yield is 6.60%