Suburb Profile Report for West Mackay QLD (4740)

West Mackay House: Median price $335,000, Annual capital growth -0.36%, Number of sales 93, Weekly median advertised rent $380

West Mackay Unit: Median price $246,250, Annual capital growth -2.67%, Number of sales 19, Weekly median advertised rent $330

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

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

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$335,000 $246,250
0.00% 1.55%
0.90% N/A
-0.36% -2.67%
$380 $330
93 19
5.90% 6.97%
62.9848484848485 68.0714285714286

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 6506
Median household income ($/weekly) 1293
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 787 12.1
    25-34 years 929 14.3
    35-44 years 892 13.7
    45-54 years 853 13.1
    55-64 years 682 10.5
    Others 2365 36.3
    Age Group
    Census Count Percent(%)
    Not Married 1999 44.5
    Registered Married 1978 44.1
    Defacto Relationship 511 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5270 86.5
    Papua New Guinea 144 2.4
    Philippines 163 2.7
    United Kingdom 134 2.2
    Other 106 1.7
    Others 274 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.6
    Christianity 4817 80.9
    Hinduism 26 0.4
    Other Religious Groups 29 0.5
    No Religion 1033 17.3
    Others 19 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 195 9.1
    $400-$599 222 10.4
    $1,500-$1,999 269 12.6
    $2,000-$2,499 214 10.0
    $2,500-$2,999 194 9.1
    Others 1042 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2233 44.9
    Not in the labour force 1678 33.7
    Employed, worked part-time 776 15.6
    Employed, away from work 168 3.4
    Unemployed, looking for work 118 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 514 16.2
    Technicians & trades workers 697 21.9
    Clerical & administrative workers 423 13.3
    Machinery operators & drivers 330 10.4
    Labourers 338 10.6
    Others 875 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 70 5.9
    Infants/Primary 504 42.3
    Secondary 348 29.2
    Technical or Further Educational Institution 125 10.5
    University or other Tertiary Institutions 121 10.2
    Others 24 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4966 85.4
    Semi-detached, row or terrace house, townhouse 302 5.2
    Flat, unit or apartment 504 8.7
    Caravan, cabin, houseboat 30 0.5
    House or flat attached to a shop, office 11 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 885 37.5
    Fully owned 770 32.7
    Being purchased 691 29.3
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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