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Rural View, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Rural View, 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 Rural View, 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 “Rural View, QLD 4740”

  1. The total adult population (15 years or older) of Rural View 4740 QLD is 4,222, with a median age of 31. Of those, 49.76% are married, 9.81% are divorced or separated, 38.58% are single and 1.97% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $10,584. The median monthly mortgage repayment for households in this suburb is $1,907 which is 18.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland’s tropical climate, the suburb of Rural View 4740 is home to approximately 2354 households. As we settle into the third quarter of 2023, we note the typical house prices within this suburb stand at an attractive $536,109. In addition, the median weekly rent for these houses tallies up to $507.

    This results in an indicative yield of 4.92% significantly exceeding the threshold of 3%, thus Rural View 4740 certainly appeals to cashflow-oriented property investors. Furthermore, the socio-economic score of the area sits at a rather high IRSAD score of 1021 out of 1217, denoting a prosperous socio-economic environment where residents are likely to have high incomes and secure professions.

    Importantly, the renter to owner ratio is calculated to be 28%, well under the 30% and above range, making the investment in the suburb attractive due to the reduced risk of oversaturation of rental properties. Adding to this, the units to houses ratio is just at 1%, a very vibrant number promoting the appeal of the neighbourhood by significantly lowering competition among landlords and maintaining higher rental yields.

    Regarding property ownership, the affordability index or ‘Years to Own’ metric stands only at 20 years for houses in Rural View 4740, accentuating the affordability of properties lending high credibility to the market itself.

    Taking into account the supply of properties, we have a stock on market Percentage of 0.48% which indicates a low supply that is below the 0.4% – 1.3% range, a favourable condition for this suburb. The inventory level, at 0.85 months, subtly indicates a low supply market, also being a favourable factor. The building approvals ratio is 1.14%, a neutral indication contributing to the balanced property market of Rural View.

    The Average days on market totalling 42 days, suggests that the housing demand in Rural View 4740 is high, speaking to the houses being snapped up in a convenient timeframe. This is reflected in the extremely low Vacancy Rate, standing at 0.46%, an indicator of very high demand due to low supply. The buy search index for this suburb is at 4, suggesting a neutral demand, however given the majority of other favourable metrics, Rural View 4740 represents a valuable prospect for investors.

    Finally, keep in mind the importance of evaluating trends, consider these along with the property market statistics to gain a comprehensive perspective. Investors must remember, having a few metrics in unfavourable ranges is fine if the majority are tilting towards favourable. Finally, an insightful tip is to use RCS (Relative Composite Score) metric developed by HtAG Analytics, which offers a comprehensive analysis using over 80 metrics, automating most of the property research.

    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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