West Mackay

POSTAL CODE: QLD, 4740

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 46.99% capital gain.

It 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 $610,000

The augmented property values in the suburb are trailing above the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $625.

Home owners selling their properties and realtors in WEST MACKAY usually have to wait an average of 31.6 days days before their assets are lifted off the market.

The QLD suburb ranks 62nd on the list of best yielding suburbs for rental properties in QLD, posting a 5.33% return.

It also places places 295th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 27.27% over the last 12 months in WEST 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 WEST MACKAY, 4740 obtained a 5.26% growth over a ten-year period. It ranks 880th on our list of suburbs that property investors should look into.

WEST MACKAY, 4740 has a capital gain of 27.27% for the past year, which is higher than average compared to its 84.62% growth within a five-year period.

With the median home price in WEST MACKAY sitting at $420,000, and the average rent at $500, property owners could potentially earn a 6.19% increase in gross rental yield.

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

WEST MACKAY, 4740 in QLD belongs to the local government area of Mackay.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	$420,000
Growth Report
Median Quarterly	5.17%	10.53%
Median 12 month	22.12%	27.27%
Median 3 years	46.99%	61.54%
Median 5 years	71.83%	84.62%
10 years average annual	6.45%	5.26%
Weekly media advert. rent	$625	$500
Time on Market	31.6 days	11.5 days
Gross Rental Yield Percent	5.33%	6.19%

Demographics (Median Values)*

Total Population 6268

Weekly Household Income 1017

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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