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Spring delivers market change to Regional Mackay

By Tammy Laval

A recent REIQ announcement highlighted a positive outlook for the Mackay Region after an extensive period of eroding market prices.

Noting Mackay as officially classed in a recovering market (especially for houses), following four quarters of positive growth, even though prices were still around 20 per cent below levels of five years ago.

With 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.

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.

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