Suburb Profile Report for South Mackay QLD (4740)

South Mackay House: Median price $310,000, Annual capital growth -0.78%, Number of sales 81, Weekly median advertised rent $360

South Mackay Unit: Median price $165,000, Annual capital growth -2.04%, Number of sales 21, Weekly median advertised rent $280

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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:




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High yields in struggling suburb

Postcode: 4740

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.

Metrics i HOUSE UNIT
$310,000 $165,000
5.80% -1.20%
10.71% -17.81%
-0.78% -2.04%
$360 $280
81 21
6.04% 8.82%
69.0571428571429 N/A

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 7415
Median household income ($/weekly) 1326
Median age of persons 36
Median housing loan repayment ($/monthly) 1914
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 840 11.3
    25-34 years 1170 15.8
    35-44 years 980 13.2
    45-54 years 1080 14.6
    55-64 years 795 10.7
    Others 2550 34.4
    Age Group
    Census Count Percent(%)
    Not Married 2368 44.1
    Registered Married 2297 42.8
    Defacto Relationship 702 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5921 85.6
    Papua New Guinea 201 2.9
    Philippines 217 3.1
    United Kingdom 154 2.2
    Other 142 2.1
    Others 282 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 0.8
    Christianity 5111 76.5
    Hinduism 29 0.4
    Islam 27 0.4
    No Religion 1436 21.5
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 217 9.0
    $400-$599 234 9.7
    $1,500-$1,999 336 14.0
    $2,000-$2,499 258 10.7
    $2,500-$2,999 228 9.5
    Others 1134 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2635 46.7
    Not in the labour force 1650 29.3
    Employed, worked part-time 949 16.8
    Employed, away from work 241 4.3
    Unemployed, looking for work 163 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 449 11.7
    Technicians & trades workers 791 20.7
    Clerical & administrative workers 535 14.0
    Machinery operators & drivers 523 13.7
    Labourers 537 14.0
    Others 994 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.9
    Infants/Primary 547 42.7
    Secondary 352 27.5
    Technical or Further Educational Institution 152 11.9
    University or other Tertiary Institutions 129 10.1
    Others 27 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5693 83.1
    Flat, unit or apartment 781 11.4
    Semi-detached, row or terrace house, townhouse 375 5.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1035 38.1
    Being purchased 871 32.0
    Fully owned 806 29.7
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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