North Mackay is a medium-sized suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 6,194, the suburb has an established family demographic with a median age of 40. Households earn a median income of $72K per year, with an average household size of 2.2 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 technicians & trades, professionals, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in North Mackay is $425,000, having climbed sharply by 21.4% over the past year. Units have a median price of $256,000 (-5.3% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $1,448.
North Mackay is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 972, which is around the national average of 1,000. Healthcare facilities include 2 private hospitals. The crime rate in the Mackay LGA is moderate at 6,570 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.3% (high yield). Property prices sit below the state median ($425K/$1.1M), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +21.4% 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.