Property value increases in East Mackay have tracked just higher than the QLD average of 0.78% over the last 12 months.
East Mackay,4740 was ranked 204 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in East Mackay itself are offering an average vendor discount of -10.95% to real estate investors.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
Comparing East Mackay,4740 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 6.38%, investors should hope to achieve an overall return of 7.33%