Mackay is located in central Queensland and is a great place to invest in real estate. With a population of around 100,000, Mackay is the gateway to the Whitsundays and offers spectacular beaches, rainforests, and a thriving regional center. Property prices in Mackay are relatively affordable compared to other parts of the country and the city has a diverse range of real estate opportunities to explore. If you are looking to buy a house in Mackay, you can search a query on google like "find real estate agent near Mackay".
1 Property Market
The property market in Mackay is seeing steady growth. According to the Real Estate Institute of Queensland, the median house price in Mackay is which is up 5.2 percent from the previous year. The rental market is also strong, with the median rent for a three-bedroom house currently sitting at per week. This indicates that there is a steady demand for rental properties in the area.
2 Investment Opportunities
Mackay offers a range of investment opportunities, including buying and renting out residential properties, commercial investments, and even developing land for new projects. For those looking to buy and rent, there are some great options in the city, with a range of house and unit prices available.
Conclusion
Mackay is a great place to invest in real estate. Investing in real estate in Mackay can offer potential investors a great opportunity for both rental yields and capital growth.