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%