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North Mackay
AREA REPORTS

North Mackay

North Mackay - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4740

house
unit

Property investors enjoyed capital gains of 3.13% over the last 12 months in NORTH MACKAY, translating to lower returns compared with its peers in QLD.

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

The suburb posted a 22.68% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

On average, rents on listings have reached the $390 mark, reflecting a 6.15% increase in returns based on the current median price in NORTH MACKAY.

NORTH MACKAY, 4740 ranks 924th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 81st on the list of best yielding suburbs for rental properties in QLD, posting a 6.15% return.

Data report can be found below

North Mackay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $330,000 $210,000
GROWTH REPORT
Median Quarterly -1.49% 11.7%
Median 12 month 3.13% 13.82%
Median 3 years 22.68% 58.49%
Median 5 years 40.43% N/A
10 years average annual 0.02% 7.32%
Weekly media advert. rent $390 $300
Time on Market 64.3 days 56.5 days
Gross Rental Yield Percent 6.15% 7.43%
demographics (median values)*
Total Population
6363
Weekly Household Income
882.1
Household Size
2.50
Age
37
Monthly Loan Repayment
1105
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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