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West Mackay, QLD 4740

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

  1. The total adult population (15 years or older) of West Mackay 4740 QLD is 5,441, with a median age of 42. Of those, 41.83% are married, 14.34% are divorced or separated, 35.31% are single and 8.53% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,928. The median monthly mortgage repayment for households in this suburb is $1,595 which is 17.87% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the region of QLD, the suburb of West Mackay 4740 is estimated to house about 3,104 families. As of Q3 2023, the typical price for houses in West Mackay 4740 sits at approximately $450,861. With median weekly rents at $458, these property prices translate to an indicative yield of 5.28%, well above the 3% market requirement, showing great prospect for cash flow–focused property investors.

    The socio-economic score for this locale is 965 out of 1,217. This score signifies a decent socio-economic status within the community, indicating relatively good access to economic resources.

    The suburbs demonstrate a renter to owner ratio of 34%. Although slightly higher than the preferred benchmark of 30%, it’s not as high as to be cause for concern, sitting comfortably below the higher risk threshold of 45%.

    The units to houses ratio stands at a mere 13%, a favourable score showcasing low oversaturation of rental units and thus a potentially lower landlord to tenant competition. This combines nicely with the strong indicative yield mentioned earlier, painting an overall healthy property picture.

    The affordability index for houses in West Mackay 4740 is 20 years. Predicated on a standard 30-year mortgage and considering multiple variables, this value demonstrates high affordability amongst residents.

    As for supply metrics, the stock on market Percentage for houses is 0.42%, showcasing a tight market with low supply. The inventory level for houses is at 1.02 months, which again indicates low supply, favourable to sellers due to the increased competition among potential buyers. Conversely, the building approval ratio of 0.23% points to new supply being kept to a minimum, this, in the long run, keeps supply down and helps support property price growth.

    The average number of days on market (DOM) for houses in West Mackay is 33 days, demonstrating high demand in the area. The vacancy rate for combined houses and units stands incredibly low at 0.47% also suggesting a high demand. The buy search index registers at 4, which is a neutral figure indicating a balanced buy interest in the area.

    Properties in West Mackay 4740, overall, seem to offer good investment opportunities, based on the above metrics. The suburb strikes a fine balance between supply and demand while also being characterised by affordability and a good socio-economic score. As always deep research is recommended and more data and trends can be found in the accompanying dashboard. Keep in mind also that the Relative Composite Score (RCS) by HtAG Analytics amalgamates data from more than 80 metrics to present a holistic snapshot 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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