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South Mackay, QLD 4740

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

  1. The total adult population (15 years or older) of South Mackay 4740 QLD is 5,650, with a median age of 39. Of those, 38.53% are married, 15.70% are divorced or separated, 39.49% are single and 6.23% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,080. The median monthly mortgage repayment for households in this suburb is $1,500 which is 18.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of SOUTH MACKAY 4740 hosts approximately 3489 households, contributing to a vibrant and diverse community life. According to the property market statistics as of Q3 2023, houses in SOUTH MACKAY 4740 typically trade for a healthy $394879. Paired with a median weekly rent of $430, investors can anticipate an attractive indicative yield of 5.66%.

    SOUTH MACKAY boasts a substantial IRSAD score of 912 out of a potential 1217, suggesting relatively solid socio-economic conditions and opportunities for residents. The local property landscape is well-balanced, exhibiting a renter to owner ratio at 38%, which falls within the moderate bracket. The area presents an appealing ratio of units to houses at just 15%, implying there’s less competition among landlords and a tendency for longer tenancies.

    In terms of affordability, SOUTH MACKAY shines with a favourable affordability index of 19 years, significantly below the conventional 30-year mortgage period. This enhances the attractiveness of the area for both investors and prospective homeowners, reinforcing the area’s potential for sustainable growth.

    Supply metrics for SOUTH MACKAY are promising, featuring a stock on market Percentage of a mere 0.39%, indicating low supply and therefore potentially higher prices. inventory level continues to bolster the case for investment with just 0.97 months of housing stock available. A building approvals ratio at a scant 0.12% signals that an influx of new properties is unlikely in the near term.

    On the demand side, houses spend an average of 55 days on the market, revealing a steady interest amongst buyers. The vacancy rate, combining both houses and units, is strikingly low at 0.53% – a sure indicator of high demand as renters struggle to find available properties in the area. This creates an environment primed for landlords to capitalise on higher rents. The property market’s influence extends into the digital realm, where the buy search index for houses in SOUTH MACKAY stands at 4, suggesting neutral-to-moderate online demand for properties in the area.

    Considering the overall property metrics, SOUTH MACKAY divulges compelling opportunities for investors. While it’s imperative to interpret these figures in the context of broader market trends, the majority of metrics sit well within favourable ranges. Keen market watchers may also consider using HtAG Analytics’ Relative Composite Score (RCS) for a comprehensive evaluation of investment potential using over 80 market metrics.

    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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