Glenella is a compact suburb in Queensland within the Mackay local government area (postcode 4740). The area has roughly 4,545 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $132K per year, with an average household size of 2.9 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, clerical & administrative. Employment in the area leans toward healthcare and mining. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenella is $593,000, having jumped by 12.9% over the past year. Units have a median price of $425,000 (+25.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,904.
Glenella is served by 1 school, including 1 primary. The average ICSEA score is 977, which is around the national average of 1,000. 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 6.6%, which reads as high yield. Property prices sit below the state median ($593K/$1.1M), which can point to relative value. The price-to-income ratio of 4.5x is considered affordable. House prices have moved +12.9% 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.