Located in Queensland within the Mackay local government area, Eimeo is a smaller residential area (postcode 4740). The area has roughly 3,285 residents and a mix of young professionals and families, with a median age of 36. Households earn a median income of $120K per year, with an average household size of 2.7 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and mining. The top ancestries reported are English, Australian, Scottish.
Median house prices in Eimeo stand at $502,000, having posted strong gains by 8% over the last twelve months. Units have a median price of $350,000 (+14.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,733.
The crime rate in the Mackay LGA is moderate at 6,570 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.7%, which reads as high yield. Property prices sit below the state median ($502K/$1.1M), which can point to relative value. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +8.0% 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.