Situated in Queensland's 4740 postcode, East Mackay is a well-established residential suburb. As a regional suburb, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
East Mackay has a population of approximately 3,725, a median age of 42, a median weekly household income of $1,916. The suburb has a balanced mix of owner-occupiers (60%) and renters, indicating healthy demand across both segments. Across the broader LGA, 20.8% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (13.9%), Mining (12.6%), Retail Trade (9.6%).
The current median house price in East Mackay is $655,000. The suburb has delivered strong average annual growth of 10.1% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 18.02%.
Properties in East Mackay spend an average of 16 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.54%. With inventory levels at just 1.04 months, supply is tight relative to demand. The average vendor discount is -5.3%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in East Mackay is $730. Gross rental yield sits at 5.8%, which is above average and attractive for cashflow-oriented investors. Vacancy rate is 1.39%, reflecting healthy rental demand. Rents have grown 17.74% over the past 12 months.
The broader local government area is forecast to grow from 135,888 to 149,294 residents by 2031, representing 9.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Andergrove, QLD, Beaconsfield, QLD, Blacks Beach, QLD, Eimeo, QLD, Glenella, QLD.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering East Mackay or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.