Question 1

Is East Mackay a nice place to live?

Accepted Answer

East Mackay sits east of Mackay's city centre by the Pioneer River, with tree-lined streets, weatherboard and timber homes and a riverside esplanade.

It is an older community, with couples without children the largest family group and most homes owner-occupied at 61.5%. Local shops and community facilities sit alongside residential green space, and waterfront parks and boat ramps provide places for fishing, sailing and waterside walks; the Petrie Street culvert upgrade has recommenced and includes installation of fish-friendly flood gates.

Question 2

Is it expensive to live in East Mackay?

Accepted Answer

In East Mackay a typical local household earned about $1,718 a week at the most recent Census. On the figures here, the median house price of $710,000 works out to about 7.9 times a typical local annual household income, so buying a house sits well above local incomes. For renters, a house rent of about $688 a week would take roughly 40% of a typical local household's weekly income, a large share, while a unit rent of about $470 a week would take roughly 27%, a moderate share. Which feels expensive will depend on your own income and situation.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is East Mackay a good place to invest?

Accepted Answer

The most striking feature of East Mackay's recent figures is the strength in property values: over the last 12 months to date median house values climbed 19.7% and median unit values rose 15.8%. Rents also moved, with house rents up 5.8% and unit rents up 6.8%.

For both houses and units, capital growth outpaced rental growth by a substantial margin — values rose far more than rents. Houses recorded the larger value increase, while unit rents rose slightly faster than house rents. If you are weighing capital growth against rental income, these numbers show which side delivered the bigger change over the period.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$710K	N/A
Change in value Past 12 months	19.7%	15.8%
Sold Past 3 months	19	9
Median days on market Past 12 months	16	27
Average rent Past 12 months	$688	$470
Change in rent Past 12 months	5.8%	6.8%

	Suburb	QLD
Median age years	42	38
Median household income weekly	$1,718	$1,675
Couples with children share of families	37.6%	41.2%
Couples without children share of families	43.2%	40.3%
One-parent families share of families	17.4%	16.8%
Homes owned outright share of homes	28.6%	30.1%
Homes with a mortgage share of homes	32.9%	35.6%
Homes rented share of homes	38.5%	34.3%

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