QLD has seen average median house prices change by 0.88% which means that South Mackay, 4740 has done well for property investors by showing a capital gain of 1.03% over the last year
Across a shorter period, South Mackay, 4740 has seen a median price increase of 5.78% over the last quarter.
Vendor discounting in South Mackay is giving property investors an average Vendor Discount of around -10.42%. This puts suburb at number 54th in QLD when ranking the most discounted suburbs.
At number 2203 in a list of fastest selling suburbs, South Mackay is in the bottom 40% of suburbs in Australia with an average of days on market 82.8971 for properties listed there.
Situated 802.48km from the CBD, South Mackay is one of Mackay (R) localities in the postcode 4740.
South Mackay is in the bottom 30% in QLD when comparing median price capital growth over the last year. South Mackay gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.92%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Mackay has fallen somewhat when compared to the 5 year average annual rate.
South Mackay, 4740’s gross rental yield is 8.72%
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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.