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North Mackay, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » North 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 North 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 

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3BR

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5BR

Rent 

2BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “North Mackay, QLD 4740”

  1. The total adult population (15 years or older) of North Mackay 4740 QLD is 5,134, with a median age of 40. Of those, 36.91% are married, 15.89% are divorced or separated, 40.20% are single and 6.97% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,312. The median monthly mortgage repayment for households in this suburb is $1,448 which is 19.80% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of North Mackay, 4740 in Queensland is home to approximately 3,490 households. As of the third Quarter (Q3) of 2023, the typical house price in North Mackay stands at $395,727. The median weekly rent of $441 results in an indicative yield of 5.79%, a healthy return on investment compared to the national market average.

    In terms of the socio-economic landscape, North Mackay has an IRSAD score of 918 out of a total possible 1217. This score signifies a relatively prosperous community, with a decent access to economic resources and a moderate income level.

    The renter to owner ratio is 37%, indicating a balancing market with a healthy proportion of both home owners and renters. This landscape offers potentially sustainable rental demand and less competition among landlords for tenants which is a rewarding condition for property investors.

    In North Mackay, the ratio of units to houses is only 15%, a value that is considerably lower than the national average. This low unit density means less rental competition among landlords and more attractive surroundings for families who commonly prefer houses over units.

    Further illustrating affordability, the average time required to fully own a house, represented by the affordability index, stands at 21 years – considerably lower than the standard 30-year mortgage term usually adopted in Australia. This indicates that the suburb is relatively affordable for many home buyers or investors, exposing the potential for higher demand and property price growth.

    Supply conditions seem promising as well, with a stock on market percentage for houses being 0.36%, indicating low supply and potential growth in property values. The inventory level is at 0.88 months, meaning properties on the market are being sold in less than a month, which underscores a robust demand. The building approvals ratio is a low 0.14%, intimating little increase in the immediate future housing stock.

    The average number of days for houses to be on market is 53 – a reasonable range, indicating neither high nor low demand. Vacancy rates are at an incredibly low 0.94%, signifying almost full occupancy and high rental demand, which is an advantageous situation for landlords.

    The buy search index for houses, an indictor of property market demand, is at 3, close to the average, showcasing a steady interest from homebuyers and investors alike.

    All in all, North Mackay’s property market portrays a fairly balanced supply-demand situation with potential for growth, which might draw the attention of property investors and buyers’ agents. However, as the market dynamics are never static, keeping vigilant about the market trends is indispensable for profitable investment decisions. A tool like the RCS (Relative Composite Score) developed by HtAG Analytics can be profoundly helpful in this regard. It automates the research process using over 80 metrics to provide a comprehensive understanding of the property 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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