Andergrove is a mid-sized suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 9,924, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $90K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Andergrove is $490,000, having surged 14% over the past year. Units have a median price of $388,000 (+10.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 6.9%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Andergrove offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($490K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +14.0% year-on-year.
Andergrove is a mid-sized suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 9,924, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $90K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Andergrove is $490,000, having surged 14% over the past year. Units have a median price of $388,000 (+10.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 6.9%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Andergrove offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($490K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +14.0% year-on-year.