Hidden Brisbane property gem revealed
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
Figures from the previous quarter show that capital gains for real estate buyers in NORTH MACKAY are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
On average, rents on listings have reached the $350 mark, reflecting a 7.14% increase in returns based on the current median price in NORTH MACKAY.
NORTH MACKAY, 4740 ranks 759th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 41st on the list of best yielding suburbs for rental properties in QLD, posting a 7.14% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $255,000 | $169,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -14.65% |
| Median 12 month | -8.93% | 27.55% |
| Median 3 years | 4.08% | N/A |
| Median 5 years | -20.06% | -28.47% |
| 10 years average annual | -2.14% | -0.62% |
| Weekly media advert. rent | $350 | $260 |
| Time on Market | 73.0 days | 74.8 days |
| Gross Rental Yield Percent | 7.14% | 8% |
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