Investment property in West Mackay has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.07%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Mackay has increased when compared to the 5 year average annual rate.
The most recent median price for West Mackay is $368000, with sellers offering an average of -7.80% off the asking price.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of -0.29%, investors should hope to achieve an overall return of 4.52%
West Mackay, 4740 ranked 40th in QLD when comparing growth in median property values or capital gain over the last 12 months. West Mackay is one of 2415 in our list for QLD
When looking at the potential capital gains offered to property investors over the last 3 years, West Mackay comes in at number 65th in QLD.
At number 88th of QLD’s most discounted properties, West Mackay is in the bottom 20% of the state/territory when listing in order of most discounted to least.
West Mackay is 153th on a list of best yielding suburbs for rents in QLD with a 4.20% return