If you compare the increase in value of investment property in East Mackay, 4740 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.27%.
East Mackay,4740 has offered an average of 16.27% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in East Mackay should be aiming for at least -4.52% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in East Mackay have been waiting around 52.4462 days to sell a property.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 0.09%, investors should hope to achieve an overall return of 5.25%
While East Mackay,4740 ranked number 6th in QLD for increase in median house value (annualised) increase, it is ranked 350th over the last 5 years.
In the last year 16 properties changed hands in East Mackay, which puts it as the 349th most active market in QLD when comparing the number of sales per suburb.
East Mackay is 52th on a list of best yielding suburbs for rents in QLD with a 7.17% return