Exploring Current Housing Trends in Mackay, Queensland: Units, Apartments, Acreage, Existing Homes, and Predicted Growth Suburbs

Mackay’s real estate market is constantly evolving and influenced by various factors such as economic conditions, lifestyle shifts, and market demand. As of mid-2024, here’s an in-depth look at the prevailing housing trends in Mackay, focusing on units, apartments, acreage properties, existing homes, and the suburbs expected to experience growth in the coming years.

Mackay has seen a noticeable increase in the development of units and apartments, particularly in the city centre and along its picturesque coastal areas. This trend is largely driven by changing lifestyle preferences, with many residents—especially younger professionals and retirees—opting for the convenience of low-maintenance living. These units and apartments often boast modern designs, high-quality finishes, and an array of on-site amenities, including gyms, swimming pools, and communal spaces, making them highly attractive to those seeking both comfort and a vibrant urban lifestyle.

This shift towards units and apartments aligns with the new Priority Development Area (PDA) initiative by the Mackay Regional Council, which aims to address the housing shortage, particularly for 1-2 person dwellings. The PDA concept supports the ’20-Minute City’ vision, focusing on enhancing livability by ensuring that essential services and shopping are within a 20-minute walking distance for residents. This approach not only centres around convenience but also emphasises the “livability and loveability” aspects of inner-city living, making these areas increasingly desirable.

By 2036, the Mackay City Centre is expected to experience significant growth, with projections indicating that 85% of the dwellings will consist of apartments, units, and townhouses. This transformation will be accompanied by a demographic shift towards an older population, balanced by a steady influx of young professionals and new immigrants drawn to the area for its employment opportunities and modern living options. Additionally, the region’s emphasis on enhancing liveability through the Waterfront PDA underscores the city’s commitment to creating a vibrant, accessible urban environment.

To understand more about the factors driving these trends, see the Mackay City Centre Growth Profile report, which highlights all the relevant information related to these developments.

For those in search of apartment units or rental properties in Mackay, you can explore our current listings here.

Despite the growing popularity of urban living, acreage properties in Mackay remain a strong draw for those desiring a more spacious and tranquil lifestyle. These rural properties, often situated in semi-rural settings, provide ample land and are ideal for individuals or families seeking a retreat from the hustle and bustle of city life. Acreage homes in Mackay typically feature expansive landscapes, large residences, and a close connection to nature, offering a perfect balance between rural tranquillity and proximity to essential services.

Mackay’s rural sector has recently become a hot commodity, mirroring the trends seen in South East Queensland and the Sunshine Coast region, which have become sought-after treeline escape locations. As these areas have seen property prices soar—often surpassing the $1 million mark for 2-5 hectare land allotments—Mackay is emerging as the next tropical-bushland opportunity. The region offers an affordable and accessible alternative, with properties ranging from hinterland retreats to beachfront escapes. This trend is further evidenced by the swift movement of land and estate sales, highlighting the high demand for acreage properties in the Mackay area.

See our current listing of Acreage homes for sale in Mackay here.

Existing homes continue to play a pivotal role in Mackay’s real estate market. Many buyers are attracted to the unique character and charm that older homes offer, coupled with the potential for renovation and personalisation. Mackay’s diverse neighbourhoods present a wide range of existing homes, from quaint cottages in established suburbs to spacious family homes with large backyards. These properties appeal to buyers looking for a home with a bit of history and the opportunity to make it their own.

If you’re in search of residential properties for sale in Mackay, explore our current listings here.

Identifying growth suburbs with precision can be challenging, but certain areas in Mackay are showing signs of increased demand and development potential. Suburbs that offer a mix of convenience, lifestyle amenities, and infrastructure improvements are particularly attractive to both buyers and investors. Here are a few suburbs that are expected to experience growth:

• Ooralea: With its close proximity to the university, hospital, and industrial zones, Ooralea has seen significant infrastructure development. Its appeal to families and professionals alike makes it a strong contender for future growth.
• Eimeo: Known for its stunning beaches and relaxed coastal lifestyle, Eimeo is poised for growth due to its natural beauty and appeal as a desirable residential area.
• Northern Beaches: This area, encompassing several suburbs, is renowned for its laid-back coastal vibe. As Mackay’s population continues to grow, the Northern Beaches are expected to see increased demand for housing, making it a key area to watch.

As Mackay’s property market continues to evolve, now is the ideal time to explore your options. Whether you’re seeking the modern convenience of a city apartment, the tranquillity of an acreage property, or the charm of an established home, the perfect property is waiting for you. To navigate this dynamic market with confidence, partner with a local real estate expert who understands the unique opportunities in Mackay. Our team is committed to helping you find your ideal property and make informed decisions at every stage. Contact us today to begin your journey towards securing your dream home in one of Queensland’s most vibrant regions. 

Reference:

Mackay Regional Councils PDA Development Scheme – March 2024

Mackay Regional Council – Growth Profile Zones