Ooralea is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 3,691, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $117K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Ooralea is $540,000, having increased 4.8% over the past year. Units have a median price of $440,000. The current median weekly rent is $750. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,820.
The crime rate in the Mackay LGA is moderate at 6,509 incidents per 100,000 population.
From an investment perspective, Ooralea offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($540K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +4.8% year-on-year.
Ooralea is a smaller suburb in Queensland within the Mackay local government area (postcode 4740). With a population of 3,691, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $117K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Ooralea is $540,000, having increased 4.8% over the past year. Units have a median price of $440,000. The current median weekly rent is $750. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,820.
The crime rate in the Mackay LGA is moderate at 6,509 incidents per 100,000 population.
From an investment perspective, Ooralea offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($540K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +4.8% year-on-year.