Shoal Point (postcode 4750) is a small locality in Queensland within the Mackay local government area. The area has roughly 1,104 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $127K per year, with an average household size of 2.7 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and mining. The top ancestries reported are English, Australian, Irish.
Median house prices in Shoal Point stand at $510,000, having climbed sharply by 15.9% over the last twelve months. 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 6,570 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.9%, which reads as moderate yield. Property prices sit below the state median ($510K/$1.1M), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +15.9% 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.