Suburb Profile Report for West Mackay QLD (4740)

West Mackay House: Median price $335,000, Annual capital growth -0.51%, Number of sales 98, Weekly median advertised rent $370

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

If you compare the increase in value of investment property in West Mackay, 4740 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.84%.

If we look at median property appreciation over just the last three months, West Mackay has given property investors a paper return of 2.29%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that West Mackay is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 323th in terms of most discounted suburbs in QLD

At number 792 in a list of fastest selling suburbs, West Mackay is in the TOP 30% of suburbs in Australia with an average of days on market 59.9722 for properties listed there.

With the median price for a house in West Mackay being $335000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.74%

Metrics	HOUSE	UNIT
Median price	$335,000	N/A
Quarterly growth	2.29%	N/A
12-month growth	9.84%	N/A
Average Annual Growth	-0.51%	N/A
Weekly median advertised rent	$370	N/A
Number of sales	98	N/A
Gross rental yield	5.74%	N/A
Days on market	59.9722222222222	N/A

Your estimated repayment
$1,296.12/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Good (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