Over the last year, property investments in South Mackay, 4740 have given investors a capital gain of 10.71%. This compares very favourably with the 0.01% for QLD as a whole.
The five-year average increase in median property values for South Mackay,4740 has given property investors a potential capital gain of -14.84% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.96% offered to property buyers. Sellers in South Mackay itself are offering an average vendor discount of -9.11% to real estate investors.
In the last year 81 properties changed hands in South Mackay, which puts it as the 268th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of South Mackay, 4740 is in the Mackay (R) local government area.
Over the last year, property investments in South Mackay, 4740 have given investors a capital gain of -17.81%. This compares very badly with the -0.84% for QLD as a whole.
While South Mackay,4740 ranked number 208th in QLD for increase in median house value (annualised) increase, it is ranked 316th over the last 5 years.
South Mackay, 4740’s gross rental yield is 8.82%
Information supplied by:
High yields in struggling suburb
Median house price: $272,500
Three-year growth: -3.4%
Rental yield: 6.6%
A suburb of the Mackay region, South Mackay adjoins the Coral Sea. It is in the vicinity of the Mackay Airport. The suburb has been on a downslide since 2014, pulling the median price down to $272,500. However, it offers strong rental returns of 6.6%.
Many sports facilities are situated in South Mackay, with the Souths Rugby League Club, the Souths Hockey Club and the City Brothers Football Club making their base here. Mackay State High School has its home here as well. Just north of South Mackay, residents can visit Caneland Central and Mount Pleasant Shopping Centre. Mackay City Heart houses many offices as well; thus, professionals can find it easy to get to work.