23 High Street, North Mackay QLD 4740
23 High Street, North Mackay QLD 4740
Large 1,057m² block | Substantial 247m² built area | Established inner-suburb house | Family and investor appeal | Strong rental yield potential
This property stands out for its unusually large land holding in an inner-North Mackay pocket where most houses sit on 600–700m² lots. The 1,057m² parcel offers rare flexibility for a shed, pool, or future subdivision potential, while the substantial building footprint suggests generous living space suited to a family or tenant-seeking investor. Positioned within catchment for Mackay North State School and High School, and close to the CBD, it serves buyers wanting established convenience without new-estate trade-offs. The estimated $640 weekly rent implies a healthy gross yield near 4.8%, making it equally attractive to owner-occupiers seeking space and investors chasing income.
The property’s value may hinge on how the internal layout and condition compare to expectation, as no verified floor plan or finish details exist. The larger block might attract a premium from buyers needing yard space or development optionality, but equally, the 23% building coverage suggests room for extension or ancillary structures that could add value. Proximity to mixed commercial and industrial pockets in parts of North Mackay may temper appeal for some, though this street’s exact character remains unconfirmed. Buyers should weigh renovation potential against the possibility of dated interiors.
|| Comparable Sales: 23 Graves Street sold around $500K (607m²); 6 Eshmann Street sold near $550K (647m²) | Property Price Band: $650K–$750K | Value Drivers: Land size premium, building footprint, rental income strength
Detailed Independent Property Report prepared by PropCred Analyst team for 23 High Street, North Mackay QLD 4740
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 23 Graves Street sold around $500K (607m²); 6 Eshmann Street sold near $550K (647m²) | Property Price Band: $650K–$750K | Value Drivers: Land size premium, building footprint, rental income strength
Bedrooms
3
Bathroom
1
Parking
4
Land
1057m²
URL has been copied successfully!