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Hay Point, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Hay Point, QLD 4740

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 Hay Point, QLD 4740 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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Rent 

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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 “Hay Point, QLD 4740”

  1. The total adult population (15 years or older) of Hay Point 4740 QLD is 1,080, with a median age of 43. Of those, 49.17% are married, 13.61% are divorced or separated, 33.06% are single and 4.35% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,156. The median monthly mortgage repayment for households in this suburb is $1,600 which is 17.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in QLD, the suburb of Hay Point 4740 is home to around 823 households. As we approach Q3 of 2023, the typical prices for houses have been clocked at approximately $484,031. With a median weekly rent at $394, the indicative yield of Hay Point’s property market is 4.23%, an attractive percentage for property investors with a cashflow focus.

    The suburb features an IRSAD score of 937 out of 1217 indicating a solid socio-economic status and a level of appeal to both property investors and homebuyers. Interestingly, the renter to owner ratio stands at 23%, lower than the risky threshold of 30%, making the market favourable for long term returns, reduced risk, and lower competition among property investors.

    Adding to its appeal, the units to houses ratio in Hay Point is relatively low at 3%. The lower ratio indicates a reduction of competition among landlords for tenants, which consequently aids in maintaining high rental yields. It’s also worth noting that, suburbs with a lower ratio often pique the interest of families due to their long tenancy periods and their preference for houses over units.

    Reflecting the affordability of the area, the ‘Years to Own’ metric or affordability index is predicted to be 21 years for Q3 2023. This estimate, which is highly favourable, is based on the assumption of a standard 30-year mortgage, and suggests a high level of affordability in the property market of Hay Point.

    In terms of supply metrics, the ‘Stock on Market’ percentage for houses in the suburb is quite low at 0.26%, indicating a favourable condition. Additionally, the suburb’s inventory level sits at a favourable 0.86 months, suggesting the property market is well absorbent of new listings. The building approvals Ratio also stands at 0.0%, indicating a scarcity of new dwelling supply, which is also favourable.

    An examination of the demand metrics reveals that ‘Days on Market’ for houses on average is just 26 days, reflecting high demand. The vacancy rate for combined houses and units further supports the favourable demand condition, recorded at a low 0.52%. The ‘Buy Search Index’ for houses sits right at the city or state average at 5, indicating a stable demand.

    Taken together, the majority of the metrics suggest that Hay Point presents a favourable market for investment, despite a few metrics that lie in less favourable ranges. Monitoring the property market trends and data continually is key to making informed real estate decisions, and areas like Hay Point are ones to certainly keep an eye on.

    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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