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Mackay, 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 Mackay, 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Mackay, QLD 4740”

  1. The total adult population (15 years or older) of Mackay 4740 QLD is 3,537, with a median age of 38. Of those, 26.86% are married, 19.42% are divorced or separated, 49.28% are single and 4.35% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $7,308. The median monthly mortgage repayment for households in this suburb is $1,387 which is 18.98% of their earnings.

    Source: ABS Census Data (2021)

  2. Mackay, with the postcode 4740, is a vibrant suburb located in Queensland. Home to approximately 3,333 houses, this suburb presents a diverse real estate market catering to an array of buyers in Q3 2023.

    As property prices stand, the typical value for houses in Mackay is around $408,046. The properties fetch a median weekly rent of $425, indicating an appealing indicative yield of 5.42%, which surpasses the minimum 3% standard attractive market requirement, indicating a solid choice for cashflow-focused investors.

    The suburb boasts an IRSAD score of 906 out of 1217, suggesting a quite favourable socio-economic climate with fairly good access to economic resources.

    Despite the slightly high renter to owner ratio of 64%, which points to a sizeable rental market and slightly detracts from the overall appeal and ‘vibe’ of this neighbourhood, the balance of metrics tilts the picture toward the positive.

    The suburb’s units to houses ratio is recorded at 54%, sightly above the favourable mark, suggesting a slightly saturated market with rentals and a relatively high level competition among landlords. This ratio, while not ideal, can also potentially present an opportunity due to the volume of rental demand.

    Additonally, the affordability index for houses stands at an impressive 22 years- significantly below the 30-year threshold, showcasing a market of high affordability and accessibility to property ownership.

    On the supply front, Mackay showcases a low stock on market Percentage for houses at just 0.27%, hinting at low supply and making it a favourable market for sellers. The inventory level for houses sits at an extremely low 0.78 months, also strongly suggesting a low supply market. Notably, the building approvals Ratio for houses is 0%, indicating minimal incoming supply in the near future. All these together signal a sellers’ market with higher chances of respectable capital gains for property owners.

    The suburb shows a positively quick days on market score of 20 for houses indicating high demand, and a low combined house and unit vacancy rate of just 0.79% reinforcing the high demand. A buy search index of 4 while being neutral indicates a fair interest from potential buyers in this market.

    With a mix of favourable and slightly less ideal indicators, Mackay remains a flourishing property market with solid potentials. It is worth watching, in particular, as a favourable choice for cashflow-centered property investors adhering to the key principle of acknowledging the overall supply-demand dynamics. Once again, it’s worth noting that having some metrics in unfavourable ranges is acceptable if the majority of other metrics tilt favourable – as they do in the case of Mackay 4740. The RCS metric can be a valuable tool assisting in automating the above research process.

    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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