Mackay has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 10.48% to date .
Taking the average capital gain, or increase in median house value, Mackay,4740 has racked up an average of 10.48% over the period. This ranks it number 3150th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Mackay is $334000, with sellers offering an average of -1.95% off the asking price.
In the last year 54 properties changed hands in Mackay, which puts it as the 590th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $580 weekly from the median priced house in this suburb.
With a capital gain of 9.90% for the last 12 months, Mackay, 4740 has performed for property investments than its average annual 5.72% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mackay has increased when compared to the 5 year average annual rate.
Mackay, 4740 is offering QLD ‘s 79th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Often selling an investment property can take time, and in Mackay the average time real estate has been on the market is 73.0247 days.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
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Mackay is located on Queensland's northeast coast between Rockhampton and Townsville. Its year-round warm weather attracts those who enjoy the great outdoors.
Locals enjoy fishing, boating, and national parks in the region that boast waterfalls, lagoons, and native wildlife. Nicknamed the ‘Sugar capital of Australia’, it produces more than a third of Australia’s sugar. Mackay also benefits from being within close proximity to the Great Barrier Reef, offering locals and visitors with an opportunity to enjoy one of Australia’s most famous natural wonders.