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Mount Pleasant, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Mount Pleasant, 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 Mount Pleasant, 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 

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Rent 

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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 “Mount Pleasant, QLD 4740”

  1. The total adult population (15 years or older) of Mount Pleasant 4740 QLD is 3,804, with a median age of 41. Of those, 51.29% are married, 11.80% are divorced or separated, 29.71% are single and 7.07% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,532. The median monthly mortgage repayment for households in this suburb is $1,668 which is 19.55% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heartland of Queensland, MOUNT PLEASANT 4740 stands affirmatively, proposedly accounting for approximately 2210 households. Engaging statistical data sourced from Q3 2023 gives investors a significant insight into the local property market, specifically relevant to houses.

    Houses canvassing the suburb of MOUNT PLEASANT average around $505,229 in terms of their typical price. These residences witness a median weekly rent of about $528, which denotes an impressive indicative yield rate of 5.43%, considerably surpassing the minimum attractive market requirement of 3%. This figure indicates the potential presence of a robust cashflow for property investors.

    In terms of socio-economic factors, MOUNT PLEASANT exhibits an IRSAD score of 983 out of a possible 1217. This fairly high score communicates the population’s decent socio-economic status in the area, with access to valuable economic resources and professional opportunities.

    The suburb demonstrates clear investment merits, boasting a renter to owner ratio of just 23%, safely below the 30% threshold that could hint at oversaturation. Further, the area experiences a units to houses ratio of 4%, affirming a lower competition among landlords for tenants and a propensity towards longer tenancy periods.

    Furthermore, the affordability index for houses stands at a comfortable 23 years, indicating high affordability among residents and investment prospects. With regards to supply, the stock on market Percentage for houses rests at a low 0.24%, an indicator of favourable low supply. The inventory level for houses in MOUNT PLEASANT hovers around a mere 0.7 months, another positive supply signal for investors. The suburb also holds a zip building approvals Ratio for houses, reiterating a low supply environment.

    Speaking to the demand side, the average days on market for houses is swift at 22 days, indicating a high demand in the market. Akin to that, the vacancy rate, taking into consideration both houses and units, is extremely low at 0.4%. The buy search index for houses is a neutral 4, highlighting the need for continued vigilance in market monitoring.

    In summary, MOUNT PLEASANT 4740 shows favourable signs for potential property investors, boasting strong yield, favourable supply metrics, high affordability, and solid socio-economic conditions. While some metrics are in the neutral range, the majority savour the favourable region, highlighting why it’s crucial to assess each metric in relation to the others for a comprehensive understanding of the market.

    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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