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Machans Beach, QLD 4878

Home » QLD Real Estate Data » Cairns Regional, QLD » Machans Beach, QLD 4878

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Machans Beach, QLD 4878 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Machans Beach, QLD 4878”

  1. The total adult population (15 years or older) of Machans Beach 4878 QLD is 782, with a median age of 47. Of those, 31.84% are married, 19.18% are divorced or separated, 45.65% are single and 3.58% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,764. The median monthly mortgage repayment for households in this suburb is $1,600 which is 20.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Overview: Situated in Queensland, the suburb of Machans Beach 4878 features an estimated 540 households. As of Q3 2023, the local property market sees houses typically selling for $654,298. These homes garner a median weekly rent of $533, leading to an attractive indicative yield of 4.24%.

    Detailing: Machans Beach 4878 illustrates a solid socio-economic standing with an IRSAD score of 972 out of a possible 1217. This score demonstrates satisfactory economic resource access, with relatively high incomes and a skilled profession base. The local market hold a favourable renter to owner ratio at 27%, boding well for long-term returns and reducing the risk associated with a rental property oversupply.

    Adding to its appeal, the suburb boasts a meagre units to houses ratio of 5%, suggesting a predominance of houses over units. As such, competition amidst landlords for tenants is minimised, thus fostering higher rental yields and attracting more families who seek longer tenancy periods.

    However, it’s important to note that the affordability index sits at a slightly less favourable 33 years. This indicator surpasses the optimal 30-year mortgage, signifying a marginally decreased affordability in the area. Despite this, the suburb comes into its own with a favourable Stock on the Market Percentage for houses at 0.37%, indicating tightly held property and low supply.

    Another positive indication for potential investors or homebuyers is the area’s inventory level. With houses remaining on the market for an average of 3.0 months, the inventory level suggests a well-absorbing market, particularly compared to regions with an inventory surpassing 4 months.

    Moreover, the building approvals Ratio for houses is a low 0.19%, reflecting minimal new housing supply influx, and the days on market dictates a reasonable demand with houses having an average active listing duration of 59 days.

    The combined vacancy rate for houses and units is also moderate at 2.04%, falling within the neutral demand range, while the buy search index strikes a high note at 6, indicating a considerable amount of interest amongst prospective buyers in the area’s properties.

    In summary, while some metrics of MACHANS BEACH 4878’s housing market lean towards a less favourable range, the majority of indicators reflect a potentially robust investment opportunity. As always, being aware of ongoing market trends is crucial – a task made easier by HtAG Analytics’ RCS metric, streamlining property market research using an extensive range of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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