Suburb Profile Report for South Mackay QLD (4740)

South Mackay House: Median price $293,000, Annual capital growth -1.27%, Number of sales 81, Weekly median advertised rent $350

South Mackay Unit: Median price $167,000, Annual capital growth -3.64%, Number of sales 18, Weekly median advertised rent $280

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

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

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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%

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
$293,000 $167,000
5.78% -3.47%
1.03% -5.92%
-1.27% -3.64%
$350 $280
81 18
6.21% 8.72%
82.8970588235294 N/A

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

DSR Score for property investment : Good (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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