14/61 Hamilton Street, North Mackay QLD 4740
14/61 Hamilton Street, North Mackay QLD 4740
1980s villa in secure complex | pool and low-maintenance living | close to Mackay CBD | compact 1-bed or 2-bed layout | flood overlay applies
This property sits within a well maintained, secure low-rise complex that offers an inground pool and private, self-contained living, which is genuinely uncommon in this part of North Mackay. The 1980s-era unit is compact yet practical, making it a strong fit for first-home buyers, downsizers, or investors wanting an affordable inner-suburb base that is low on upkeep and close to the CBD, schools, and everyday amenities. The complex itself appears to hold a steady appeal in the local market, and the presence of shared recreational facilities adds a lifestyle element that typical older units in the area often lack. For the right buyer, this represents a straightforward, low-maintenance entry into a convenient residential pocket.
The building’s age and the flood overlay flagged on the site are the two factors most likely to shape value. A 1980s unit may require more frequent maintenance than newer stock, and while the complex seems well run, condition can vary between individual villas. Flood exposure can affect insurance costs and long-term resale confidence, particularly for ground-level configurations. Buyers should weigh these elements against the prime location and established character, as they may influence both immediate spending and future appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 14/61 Hamilton Street, North Mackay QLD 4740
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
North Mackay sits within the broader Mackay region, where a 1.43% vacancy rate and a widely cited housing shortage underpin conditions. Renters make up 27% of residents, and rental demand is firm: house rents rose 17% and unit rents 5.6% over the past year. Turnover is rapid, with houses selling in 12–34 days. Median house prices range from $554,000 to $565,000, with annual growth of 18.8–33.9%; units average $360,000, with growth of 22–49.4%, though sales volumes are thin. Gross yields are solid, with houses at 4.6–5.8% and units at 5.44–6.33%. Demand is driven by proximity to the Mackay Waterfront project and the $250 million Base Hospital expansion, which attract workers and lift population. The key constraints are affordability pressures and interest-rate sensitivity, while the regional housing shortage is likely to keep price growth elevated.
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PropCred Estimated Value
Comparable Sales: 6/61 Hamilton Street sold for $308,500 | Property Price Band: $300K-$400K | Value Drivers: condition, layout, parking
Bedrooms
2
Bathroom
1
Parking
-
Land
150m²
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