Investment property in West Mackay has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.90%
If we look at median property appreciation over just the last three months, West Mackay has given property investors a paper return of 0.00%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in West Mackay should be aiming for at least -7.72% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in West Mackay have been waiting around 62.9848 days to sell a property.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.90%, without taking into account capital value appreciation, which has been averaging out at -0.36%.
The five-year average increase in median property values for West Mackay,4740 has given property investors a potential capital gain of -7.60% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that West Mackay is offering property investors an average of -6.15. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in QLD
In the last year 19 properties changed hands in West Mackay, which puts it as the 256th most active market in QLD when comparing the number of sales per suburb.