Suburb Profile Report for Mackay QLD (4740)

Mackay House: Median price $334,000, Annual capital growth 2.52%, Number of sales 54, Weekly median advertised rent $580

Mackay Unit: Median price $276,000, Annual capital growth 5.72%, Number of sales 70, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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.

YIP MAG Information supplied by:

YIP MAG


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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.

Metrics i HOUSE UNIT
$334,000 $276,000
4.66% 4.67%
10.48% 9.90%
2.52% 5.72%
$580 $370
54 70
4.33% 3.50%
49.0175438596491 73.0246913580247

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 4070
Median household income ($/weekly) 1173
Median age of persons 34
Median housing loan repayment ($/monthly) 1950
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 467 11.5
    25-34 years 754 18.5
    35-44 years 597 14.7
    45-54 years 604 14.8
    55-64 years 398 9.8
    Others 1251 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1436 52.9
    Registered Married 854 31.5
    Defacto Relationship 424 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2606 72.7
    Papua New Guinea 143 4.0
    Philippines 248 6.9
    United Kingdom 129 3.6
    Other 144 4.0
    Others 315 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.2
    Christianity 2414 70.2
    Hinduism 69 2.0
    Other Religious Groups 34 1.0
    No Religion 847 24.6
    Others 34 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 134 9.7
    $400-$599 127 9.1
    $600-$799 121 8.7
    $1,000-$1,249 142 10.2
    $1,500-$1,999 188 13.5
    Others 676 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1525 50.7
    Not in the labour force 833 27.7
    Employed, worked part-time 426 14.2
    Employed, away from work 120 4.0
    Unemployed, looking for work 104 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 328 15.9
    Technicians & trades workers 438 21.2
    Clerical & administrative workers 208 10.1
    Machinery operators & drivers 244 11.8
    Labourers 311 15.0
    Others 538 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 31 5.3
    Infants/Primary 216 36.9
    Secondary 145 24.7
    Technical or Further Educational Institution 92 15.7
    University or other Tertiary Institutions 80 13.7
    Others 22 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1323 39.6
    Flat, unit or apartment 1104 33.1
    Semi-detached, row or terrace house, townhouse 881 26.4
    House or flat attached to a shop, office 28 0.8
    Caravan, cabin, houseboat 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1025 66.8
    Being purchased 263 17.1
    Fully owned 243 15.8
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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