Mackay is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 4,026, the suburb has an established demographic with a median age of 38. Households earn a median income of $64K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mackay is $466,000, having surged 23.1% over the past year. Units have a median price of $301,000 (+20.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.1%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Mackay offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($466K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +23.1% year-on-year.
Mackay is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 4,026, the suburb has an established demographic with a median age of 38. Households earn a median income of $64K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mackay is $466,000, having surged 23.1% over the past year. Units have a median price of $301,000 (+20.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.1%. 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 6,509 incidents per 100,000 population.
From an investment perspective, Mackay offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($466K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +23.1% year-on-year.