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Mandalay, QLD 4802

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 Mandalay, QLD 4802 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 “Mandalay, QLD 4802”

  1. The total adult population (15 years or older) of Mandalay 4802 QLD is 269, with a median age of 41. Of those, 45.35% are married, 14.50% are divorced or separated, 40.89% are single and 2.97% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,596. The median monthly mortgage repayment for households in this suburb is $1,745 which is 22.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Queensland, the suburb of Mandalay 4802 is comprised of approximately 219 households. By Q3 in 2023, the average house price in Mandalay stands at $852,573. Paired with a median weekly rent of $596, it yields an indicative return of 3.64%. This yield surpasses the appealing cash flow threshold of 3% for investors.

    The suburb’s IRSAD score is 953 out of a possible 1217, demonstrating a moderately high socio-economic condition among its dwellers. It indicates good accessibility to economic resources, bolstered by reasonably high-income levels and skilled professions.

    Mandalay’s renter to owner ratio comes in at 28%, a favourable figure as it falls below the 30% mark, which signals the prevalence of owner-occupiers over renters. This can contribute to a neighborhood vibe that’s more residential and stable, rather than transient.

    Furthermore, the units to houses ratio is an attractive 6%. This low proportion of units to houses means Mandalay is not oversaturated with rentals, reducing competition among landlords for tenants, and thereby aiding to maintain higher rental yields. With more houses, Mandalay draws the interest of families who might form longer tenancy periods.

    The ‘Years to Own’ metric or affordability index for a house in Mandalay is exactly 30 years – suggesting that Mandalay is affordable and accessible for homeowners.

    Switching to supply metrics, Mandalay’s stock on market percentage is 0.91%, indicatively within the neutral range, while the inventory for houses averages 4.8 months, which slightly leans towards a high supply environment. Investors should further monitor this index as trends are crucial, alongside the values. The building approvals Ratio for houses sits at 0.0%, indicating a halt to new supply, at least for a while, and thus a very favourable market condition.

    The median days on market for a house stands at 44 days, which somewhat sits on the fence between high and low demand. In terms of vacancy rate, the combined rate for both houses and units is measured at a balanced 1.61% – a favorable index hinting at good rental demand.

    Lastly, the buy search index for a house in Mandalay comes in at 3, showing modest interest from prospective home-owners. Whether to buy, sell, or rent, the updated real estate data should equip investors to make informed decisions in this dynamic property market.

    In conclusion, Mandalay displays a suite of potentially favourable conditions for property investment, with careful attention needed to be paid to the slight bias towards high supply. The Relative Composite Score (RCS) metric by HtAG Analytics can provide an advantageous line of sight in tracking over 80 metrics of Mandalay’s 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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