Glenella is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 4,545, the suburb has an established demographic with a median age of 39. Households earn a median income of $132K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenella is $593,000, having surged 12.9% over the past year. Units have a median price of $425,000 (+25.4% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 6.1%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Glenella offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($593K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.5x is considered affordable. House prices have moved +12.9% year-on-year.
Glenella is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 4,545, the suburb has an established demographic with a median age of 39. Households earn a median income of $132K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenella is $593,000, having surged 12.9% over the past year. Units have a median price of $425,000 (+25.4% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 6.1%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Glenella offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($593K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.5x is considered affordable. House prices have moved +12.9% year-on-year.