Shoal Point is a small community in Queensland within the Mackay local government area (postcode 4750). With a population of 1,104, the suburb has an established demographic with a median age of 42. Households earn a median income of $127K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Shoal Point is $510,000, having surged 15.9% over the past year. Units have a median price of $330,000 (+69.2% YoY). The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,050.
The crime rate in the Mackay LGA is moderate at 6,509 incidents per 100,000 population.
From an investment perspective, Shoal Point offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($510K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +15.9% year-on-year.
Shoal Point is a small community in Queensland within the Mackay local government area (postcode 4750). With a population of 1,104, the suburb has an established demographic with a median age of 42. Households earn a median income of $127K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Shoal Point is $510,000, having surged 15.9% over the past year. Units have a median price of $330,000 (+69.2% YoY). The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,050.
The crime rate in the Mackay LGA is moderate at 6,509 incidents per 100,000 population.
From an investment perspective, Shoal Point offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($510K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +15.9% year-on-year.