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Stronger economy underpins Mackay’s property recovery

Stronger economy underpins Mackay’s property recovery

The strength of the regional economy has supported the gradual recovery of the sales and rental markets in 2018. 

The Mackay SA4 employment market has boomed for the past year, adding about 5700 new employees to the regional workforce. Corporates like Qantas have targeted Mackay as a potential site for future investment.

The future brings well-deserved hope to a region heavily affected by the mining downturn.

House prices have cautiously started on an upward trend. The rental market has gone from strength to strength in 2018, with vacancies falling below the long-term average and rents increasing in many instances by 20 per cent for the past year. Source: REIQ.