A positive outlook for the Mackay Region after an extensive period of eroding market prices.
“Mackay is officially classed as a recovering market (especially for houses), following four quarters of positive growth and this is great news, although prices are still around 20 per cent below levels of five years ago,” as quoted by REIQ.
“The Mackay house market is one of the few markets reporting an increase in sales volumes for the past year.
“The suburbs showing the largest annual increase in the volume of sales were Eimeo, East Mackay, Mount Pleasant, Blacks Beach and South Mackay.”
With house prices rising 2.5% to an average price of $335,000 for June 2018.
And rental vacancies in the region sitting on a rate of 1.9%, a six-year low.