The post-budget guide to commercial property investing

Mackay Harbour

POSTAL CODE: QLD, 4740
UNIT

Property investments in MACKAY HARBOUR did not fare well against the rest of the country last year, registering a median home price decrease of 3.33%.

Figures from the previous quarter show that capital gains for real estate buyers in MACKAY HARBOUR are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MACKAY HARBOUR, 4740 saw average growth in the long term.

This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MACKAY HARBOUR, homes and units usually stay on listing for an average of 30.6 days.

the QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $620,000

Investors saw the median home price rise to $620,000.

MACKAY HARBOUR ranks 10th on the list of best yielding suburbs for rental properties in QLD, posting a 6.71% return.

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