Over the last year, property investments in South Mackay, 4740 have given investors a capital gain of 3.02%. This compares very badly with the 12.16% for QLD as a whole.
A 20.19% growth in median value for property investors in South Mackay,4740 puts this suburb at number 727th in terms of best performing suburbs in QLD
South Mackay4740 is located in QLD which offers an average discount of -4.90% to property investors. South Mackay itself is showing figures that indicate -5.39% is the average achievable by property buyers investing in the suburb.
South Mackay, 4740’s gross rental yield is 6.09%
If you compare the increase in value of investment property in South Mackay, 4740 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.22%.
The five-year average increase in median property values for South Mackay,4740 has given property investors a potential capital gain of -0.46% across each of those five years.
Vendor discounting in South Mackay is giving property investors an average Vendor Discount of around -8.63%. This puts suburb at number 4th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Situated 802.44km from the CBD, South Mackay is one of Mackay (R) localities in the postcode 4740.
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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.