Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
Property investors enjoyed capital gains of 1.22% 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 0.51% growth over a ten-year period. It ranks 4446th on our list of suburbs that property investors should look into.
EAST MACKAY, 4740 has a capital gain of 1.22% for the past year, which is lower than average compared to its 13.7% growth within a five-year period.
With the median home price in EAST MACKAY sitting at $415,000, and the average rent at $450, property owners could potentially earn a 5.64% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EAST MACKAY are low, 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||1.22%||N/A|
|Median 3 years||13.7%||42.5%|
|Median 5 years||13.7%||N/A|
|10 years average annual||0.51%||6.11%|
|Weekly media advert. rent||$450||$310|
|Time on Market||55.9 days||93.2 days|
|Gross Rental Yield Percent||5.64%||5.66%|