Rural View (postcode 4740) is a moderately sized suburb in Queensland within the Mackay local government area. The area has roughly 5,657 residents and a young professional demographic, with a median age of 31. Households earn a median income of $128K per year, with an average household size of 3 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, clerical & administrative. Employment in the area leans toward healthcare and mining. The top ancestries reported are Australian, English, Scottish.
Median house prices in Rural View sit at $682,000, little changed on a year ago. The current median weekly rent is $700. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,907.
Rural View is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 944, which is below the national average of 1,000. The crime rate in the Mackay LGA is moderate at 6,570 incidents per 100,000 population.
From an investment perspective, Rural View shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($682K/$1.1M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +0.0% 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.