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Property investors enjoyed capital gains of 24.09% over the last 12 months in EAST MACKAY, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 0.54% growth over a ten-year period. It ranks 3931st on our list of suburbs that property investors should look into.
EAST MACKAY, 4740 has a capital gain of 24.09% for the past year, which is higher than average compared to its 7.59% growth within a five-year period.
With the median home price in EAST MACKAY sitting at $425,000, and the average rent at $400, property owners could potentially earn a 4.89% increase in gross rental yield.
A 24.09% increase in median property prices in EAST MACKAY, 4740 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 61st.
Figures from the previous quarter show that capital gains for real estate buyers in EAST MACKAY are high, as opposed to average gains per annum over the past five years.
EAST MACKAY, 4740 in QLD belongs to the local government area of Mackay (R).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.09%||N/A|
|Median 3 years||31.78%||N/A|
|Median 5 years||7.59%||-48.63%|
|10 years average annual||0.54%||5.99%|
|Weekly media advert. rent||$400||$300|
|Time on Market||61.9 days||0.0 days|
|Gross Rental Yield Percent||4.89%||8.32%|