Mackay is a compact suburb in Queensland within the Mackay local government area (postcode 4740). It is home to about 4,026 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $64K per year, with an average household size of 1.9 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, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Mackay has a median house price of $466,000, which has jumped by 23.1% year-on-year. Units have a median price of $301,000 (+20.4% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,387.
Mackay is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 954, which is around the national average of 1,000. Healthcare facilities include 1 private hospital. The crime rate in the Mackay LGA is moderate at 6,570 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.7% (moderate yield). Property prices sit below the state median ($466K/$1.1M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +23.1% 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.