How the Rental Property Market in Mackay Is Changing in 2025

Mackay’s rental market is evolving fast, shaped by population growth, strong economic performance, rising property values, and new rental reforms. For renters and landlords alike, staying informed is the key to making smart decisions in this dynamic environment.

The Mackay region continues to face high rental demand and limited availability.

• As of March 2025, the median weekly rent sits at around $500 for both houses and units.
• The vacancy rate is sitting near 1%, which is well below a balanced market rate of 2–3%.
• Many properties are receiving multiple applications within days of being listed.

This tight rental supply is driven by increased migration into the region, including workers from mining and agricultural sectors, families seeking lifestyle changes, and young professionals looking to enter the market.

For renters, this means fierce competition, and for landlords, it means lower vacancy periods and higher yields—but also increased pressure to meet tenant expectations.

Mackay’s local economy is booming, thanks in large part to:

• Mining, resources, and infrastructure projects are bringing jobs and investment
• Strong agriculture and export markets
• Lifestyle appeal for those relocating from larger cities

These trends are reflected in property values:

• House prices rose 8.57% in the last 12 months
• Unit prices rose 11.92%, showing solid growth in more affordable housing types

This ongoing growth is attracting investors from outside the region, who see Mackay as a strong-performing, lower-risk market with potential for both rental income and capital gains.

Significant rental reforms are now in effect across Queensland, including Mackay. As of 30 September 2024, the following changes apply:

• Limits on rent increases: Rent can only be increased once every 12 months, even if the tenant changes.
• Tenant rights to modify: Tenants can now make minor modifications (like hanging artwork, installing child safety gates, or replacing shower heads) without prior written approval in many cases.
• Minimum housing standards: Landlords must ensure their property is in good repair, weatherproof, and has working locks, smoke alarms, and pest control.

These changes aim to create greater stability and fairness in the rental market and ensure renters have access to safe and liveable homes.

For Renters:

• Be ready with ID, payslips, references, and rental history
  
• Act fast on new listings
  
• Ask about lease flexibility if needed
  
• Understand your rights under the new rental laws
  
• Set reminders to renew or review your lease before it expires

For Landlords:

• Review all changes to Queensland’s rental laws
  
• Make sure your property meets new minimum housing standards
  
• Limit rent increases to once every 12 months
  
• Keep maintenance up-to-date to attract and retain tenants
  
• Speak with your property manager about compliance updates

At Mackay City Property, we understand how fast the local market is moving. We offer a range of quality rentals and can guide both tenants and landlords through every step of the process.

View our current rentals Or contact our property management team to discuss how we can help you.

Mackay’s rental market is shifting fast. With low vacancies, strong demand, and new legal reforms, both tenants and landlords need to stay informed.

Being proactive, well-prepared, and supported by the right property professionals can make all the difference in navigating this market confidently.