Understanding Mackay's Median House Price: A Comprehensive Guide 2025

The most common question we get asked about Mackay’s housing market is, ‘Are house prices going up?’ Historically, Mackay has demonstrated steady median house price growth over the past 20 years. Recent news highlights its appeal to investors, with rental yields ranging from 5% to 7%. This makes Mackay a compelling choice compared to other Queensland markets, including the Gold Coast.

Mackay is a vibrant regional city in Queensland, Australia, and has seen steady growth in its housing market in recent years. This growth is attributed to a mix of factors, including a strong local economy, attractive lifestyle, and significant infrastructure investments.

Just like other suburbs, understanding Mackay’s median house price is an important step in making informed decisions about buying or selling property in this dynamic regional city.

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Data from: https://www.realestate.com.au/qld/mackay-4740/ 

The median house price in Mackay currently sits at $460,000, (noting the released price is usually 3 months behind releasing to the public), so it’s safe to say this is slightly higher given the most recent sales in our office.  Still making it a more affordable option compared to capital cities and some other coastal areas. This median price reflects a stable market that has shown steady growth over the past few years.

The property market in Mackay has demonstrated strong growth over the past 5 years. Here’s a breakdown of Mackay’s median house price trend over the past 5 years, based on data from realestate.com.au:

Year-over-Year Breakdown:

• January 2020: Median house price was $296,000.

This was a period of relative stability in the market, with steady growth.

• January 2021: Median house price increased to $360,000.

This significant jump was likely influenced by the strong economic conditions and increased demand for housing in Mackay.

• January 2022: Median house price rose to $372,000.

While the growth rate slowed down compared to the previous year, the market continued to exhibit positive momentum.

• January 2023: Median house price reached $387,500.

This further increase suggests a sustained demand for housing in Mackay, driven by factors like job growth and lifestyle appeal.

• December 2024: The median house price is currently at $460,000.

This represents a substantial increase of 18.7% over the past 5 years, indicating a strong and resilient housing market.

Overall, Mackay’s housing market has shown consistent growth over the past 5 years. This positive trend is attributed to factors like a diversified economy, infrastructure development, and a desirable lifestyle.

Mackay’s property market is driven by several key factors:

• Strong Local Economy: Mackay boasts a diversified economy with a strong presence in the mining, agriculture, and tourism industries. This economic stability fosters job creation and a healthy housing market.
• Infrastructure Development: Significant infrastructure projects, like the Mackay Ring Road and port upgrades, are contributing to growth and attracting businesses and residents to the area. This can lead to increased demand for housing.
• Lifestyle Appeal: Mackay offers a relaxed coastal lifestyle with beautiful beaches, parks, and a variety of recreational activities. This lifestyle attracts families, retirees, and young professionals seeking a better work-life balance.
• Rental Market: The rental market in Mackay remains strong, with high rental yields, particularly for houses. This makes Mackay an attractive option for property investors.

Mackay’s property market presents a good opportunity for investors. Here’s why:

• Relatively High Rental Yields: Compared to capital cities, Mackay offers investors the potential for higher rental yields, particularly for houses.
• Capital Growth Potential: With a stable and growing economy, Mackay’s property market has the potential for continued capital growth in the coming years.

When understanding Mackay’s median house price, it’s important to consider additional factors that can influence property values:

• Location: Different suburbs within Mackay offer varying house prices. Generally, properties closer to the city centre or waterfront tend to be more expensive.
• Property Type: The type of property (house, unit, townhouse) will also affect the price. Houses tend to be more expensive than units.
• Property Size and Condition: The size, condition, and features of a property will all play a role in determining its value.

If you’re looking for houses for sale in Mackay priced between $300,000 and $700,000, you’ve come to the right place. This price range offers a diverse selection of homes, from affordable starter houses to modern family homes with premium features. Whether you’re a first-home buyer, investor, or upgrading to your dream property, Mackay’s thriving community and coastal lifestyle provide the perfect backdrop.

Discover homes in family-friendly neighbourhoods, stylish low-maintenance designs, and spacious layouts to suit any lifestyle. Browse our range of properties for sale and uncover the perfect home that fits your budget and needs. Get in touch with us today to begin your journey toward finding your dream home!

Curious about your property’s value? Get a free appraisal today with Mackay City Property. Our experienced real estate agents provide accurate assessments to help you make informed decisions. Whether you’re selling, renting, or just curious, we’re here for you.

Mackay’s housing market presents a compelling opportunity for both buyers and investors.

• Strong and Stable Growth: The median house price in Mackay has shown consistent growth over the past 20 years, with a significant 18.7% increase in just the last five years. This stability indicates a healthy and resilient market.
• Diversified Economy: Mackay’s economy is not reliant on a single industry, with a strong presence in mining, agriculture, and tourism. This fosters job creation and supports sustained housing demand.
• Infrastructure Development: Investment in infrastructure projects like the Mackay Ring Road is attracting new businesses and residents, further driving housing demand.
• Lifestyle Appeal: Mackay offers a relaxed coastal lifestyle with beautiful beaches, parks, and recreational activities, attracting families, retirees, and professionals seeking a better work-life balance.
• Investor Potential: Rental yields, particularly for houses, are relatively high compared to capital cities. Additionally, the stable and growing economy suggests potential for continued capital growth.

By understanding the factors influencing Mackay’s property market, potential buyers, sellers, and investors can make informed decisions. Whether you’re seeking a vibrant regional city with a promising future or an investment opportunity with strong returns, Mackay is a market worth considering.

If you’re considering living in Mackay or buying a home in Mackay, Mackay City Property is here to help you.