3/1A Piccolo Street, North Mackay QLD 4740
3/1A Piccolo Street, North Mackay QLD 4740
Modern 3-bed townhouse | 2009 build | ~157m² low-maintenance | Flood overlay | Strong rental demand
Behind a modern 2009 townhouse facade, this three-bedroom, two-bathroom home offers genuinely low-maintenance living on a compact 157-square-metre lot. The interior finish is a clear step above older rental stock, with timber floors, split-system air-conditioning, ceiling fans and a walk-in robe to the master. Positioned within Mackay North school catchments and minutes from the city centre, it suits owner-occupiers wanting a lock-and-leave lifestyle, as well as investors chasing strong rental demand from professionals and small families. Its medium-density character is uncommon in a suburb still dominated by detached houses, giving it a practical edge.
Flood overlay is the main constraint, and it may affect insurance premiums or buyer willingness in a wet season. The 157-square-metre footprint also limits scope for extension, and a single garage could feel tight for a family with two cars. Comparable sales in the immediate area appear inconsistent, so price clarity depends on recent settled transactions. These factors might narrow the buyer pool, but they are already reflected in the property’s pricing position.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1A Piccolo Street, North Mackay QLD 4740
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
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: 2/1A Piccolo Street sold at $290,000 | Property Price Band: $400K–$500K | Value Drivers: contemporary condition, compact floorplan, flood overlay location
Bedrooms
3
Bathroom
2
Parking
1
Land
157m²
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