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%