This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $1,387 or a weekly rent payment of $320. The average family earns a weekly income of $2,416 with a typical household size of 2.4 and a 95.41% employment rate.
In South Mackay there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in South Mackay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in South Mackay leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in South Mackay necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in South Mackay we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make South Mackay a better buying opportunity than it may have been in the past.
(Country of Birth not stated 4%)
South Mackay a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Queensland State average 66 / 100
Income
21 / 100
32 / 100
Industry
17 / 100
32 / 100
Population
37 / 100
40 / 100
House Prices
50 / 100
63 / 100
Jobs
16 / 100
31 / 100
Incidents Trend State Average
St Patrick's College
Mackay, QLD, 4740 Independent 11-12
Victoria Park State School
East Mackay, QLD, 4740 State Prep-6
Mackay North State School
North Mackay, QLD, 4740 State Prep-6
St Joseph's Catholic Primary School
North Mackay, QLD, 4740 Independent Prep-6
Mercy College
South Mackay, QLD, 4740 Independent 7-10
Mackay West State School
West Mackay, QLD, 4740 State Prep-6
Mackay Central State School
Mackay, QLD, 4740 State Prep-6
St Mary's Catholic Primary School
Mackay South, QLD, 4740 Independent Prep-6
Mackay State High School
South Mackay, QLD, 4740 State 7-12
St Francis Xavier Catholic Primary School
Mackay West, QLD, 4740 Independent Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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