Located in Queensland within the Mackay local government area, Andergrove is a moderately sized suburb (postcode 4740). It is home to about 9,924 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $90K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Andergrove stand at $490,000, having risen steeply by 14% over the last twelve months. Units have a median price of $388,000 (+10.7% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $1,647.
Andergrove is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 917, which is below the national average of 1,000. The crime rate in the Mackay LGA is moderate at 6,570 incidents per 100,000 population.
From an investment perspective, Andergrove shows a gross rental yield of approximately 6.8%, rated as high yield. Property prices sit below the state median ($490K/$1.1M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +14.0% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.