Suburb Profile Report for West Mackay QLD (4740)

West Mackay House: Median price $368,000, Annual capital growth -0.29%, Number of sales 159, Weekly median advertised rent $320

West Mackay Unit: Median price $254,000, Annual capital growth 4.20%, Number of sales 34, Weekly median advertised rent $460

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$368,000 $254,000
4.69% 4.69%
24.07% 29.58%
-0.29% 4.20%
$320 $460
159 34
9.93% 4.20%
99.1666666666667 42.2138728323699

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in West Mackay QLD
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
Chart Table