28 Mackay Street, Moranbah QLD 4744
28 Mackay Street, Moranbah QLD 4744
7-bedroom house | mining contractor tenancy | Moranbah high-demand zone | off-market opportunity
This property’s primary buying case rests on its configuration for high-density rental income in a mining-driven market, where large multi-bedroom houses are in persistent demand. The seven bedrooms and eight car spaces are not typical residential features but deliberate design for worker accommodation, making it competitively rare for investors targeting secure, long-term tenancy. The existing lease to a mining contractor reduces vacancy risk and provides immediate cash flow, which is the core advantage for a buyer seeking passive income rather than owner-occupier appeal. The 844mยฒ lot with only 24% site coverage leaves room for future expansion or parking, further supporting its income-generating capacity.
The main risk is the absence of verified sales history and interior details, which limits precise valuation comparison, though the recent nearby sale on the same street provides a benchmark. The estimated value of $621,000 against a comparable four-bedroom sale at $542,000 suggests a premium for the additional bedrooms and car spaces, but this premium must be justified by the existing lease terms. The off-market status presents an opportunity to negotiate without competitive bidding, particularly if the seller is motivated. Buyers should verify the lease duration, tenant reliability, and any maintenance obligations before proceeding.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 28 Mackay Street, Moranbah QLD 4744
Market Insight:
Moranbah is a classic mining town where property demand is driven by the robust resources sector, attracting investors and fly-in fly-out workers seeking high rental yields. Recent price growth has been strong, supported by a tight supply of housing and a steady influx of workers. Future performance remains intrinsically linked to mining industry stability, with the market sensitive to economic cycles and interest rate fluctuations that could impact its investor-heavy profile.