Mackay
Why Mackay?
Mackay’s appeal is rooted in its diversified and resilient economy, driven by a powerful trifecta of mining, agriculture (sugarcane), and port activities. The region benefits from consistent population growth fueled by job opportunities and a desirable lifestyle. Significant infrastructure projects, including a major hospital expansion and urban waterfront redevelopment, are enhancing liveability and boosting long-term property values.
Investment Highlights:
- Impressive Capital Growth: Strong appreciation in values (e.g., houses up 21.3% in the past year) with continued growth expected.
- High Rental Yields & Ultra-Low Vacancy: Excellent yields (e.g., houses up to 5.9%, units up to 7.1%) due to critically tight rental markets (~0.6% vacancy).
- Diversified Economic Foundation: Stable demand from strong mining, agriculture, and port sectors.
- Affordable Entry Point: Remains significantly more affordable than major capital cities, offering accessible investment.
Approximate Costs
In Frankston, median house prices can range from roughly $700,000 to $900,000, although more affordable options are available.
Ideal for: Investors seeking a mix of affordability and lifestyle appeal in a coastal location.
Available Services
Testimonial
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Mackay
