30 Mogford Street, West Mackay QLD 4740
30 Mogford Street, West Mackay QLD 4740
Tenanted 3-bed house | $560/wk income secured | 809m² pocket | Mackay West catchment | investor-ready
Immediate rental income and lasting land value are combined in this central West Mackay house. Tenancy is secured until late January 2027 at a meaningful weekly rent, which makes the property a strong fit for investors seeking a low-friction entry into an established suburb. The layout is kept practical: three bedrooms with built-in robes, split-system cooling in the living area and master, a functional kitchen with adjoining dining, and a fully fenced yard. Everyday utility is improved by the drive-through carport. Steady rental demand and family appeal are supported by its location near the CBD, schools, shops, and medical facilities. This is a dependable income-producing house in a convenient location, best suited to buyers prioritising rental return and landholding over premium finishes.
Value may be materially influenced by the property’s older age and condition; the kitchen, bathroom, and flooring could be upgraded to lift its position. The single car space might be seen as a constraint by some buyers, while the land size may offer potential for future additions or redevelopment, subject to council approval. The current rent likely reflects the existing finish level, and any vacancy between tenancies might affect short-term yield expectations. The trade-off between the established income stream and the modest accommodation profile should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 30 Mogford Street, West Mackay QLD 4740
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
West Mackay is an emerging regional hotspot anchored by affordability and strong rental demand. First-home buyers and interstate investors from Brisbane, Sydney, and Melbourne are driving activity, drawn to lower entry prices and gross rental yields of 5.98% for houses and 6.27% for units. The median house price sits at $590,000 after 18.24% annual growth, while units have risen 14.29% to $380,000. Houses sell in a median 14 days, with 139 transactions over the past year, indicating tight supply and brisk turnover. Weekly rents of $620 for houses and $500 for units reinforce income appeal. The broader Mackay region faces a housing shortage, which continues to push prices upward. Interest rate sensitivity remains the key constraint, with stability assumed in the forecast.
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PropCred Estimated Value
Comparable Sales: 5 Mogford Street sold $710,000 | Property Price Band: $650K–$750K | Value Drivers: land size, tenancy income, condition
Bedrooms
3
Bathroom
1
Parking
1
Land
441m²
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