39/2 Mulherin Drive, Mackay Harbour QLD 4740
39/2 Mulherin Drive, Mackay Harbour QLD 4740
Waterfront 3-bed apartment | Secure harbour complex | Marina and ocean outlook | Resort amenities | Premium owner-occupier stock
This three-bedroom apartment is positioned within one of Mackay Harbour’s secure waterfront complexes. Its configuration of three bedrooms, two bathrooms, and two car spaces is well matched to the local market, where larger-format coastal units are the standard rather than the exception. The property is set within a lift-serviced, gated building with basement parking and resort-style amenities, which places it above typical inland apartment stock in both finish and daily functionality. Ocean and marina orientation is a defining quality of the harbour setting, providing year-round sea breezes, coastal walking tracks, and immediate access to the marina precinct. This apartment is best suited to an owner-occupier seeking a low-maintenance coastal lifestyle, or to an investor targeting the premium end of the Mackay rental market, where furnished waterfront units tend to hold consistent interest from professional and workforce tenants.
Value may be shaped by the specific floor level and aspect of this unit, as views and breeze exposure tend to command a noticeable premium across the harbour precinct. Condition and presentation may also play a significant role, particularly where kitchen and bathroom finishes have been updated. The broader price band for comparable units has been relatively stable, though the thinner transaction volume in this market means pricing might be more sensitive to individual property characteristics and the timing of buyer interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 39/2 Mulherin Drive, Mackay Harbour QLD 4740
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Mackay Harbour’s residential market is tightly held, with just 19 house sales recorded in 2024-25. The median house price sits at $637,500 and units at $592,900, supported by a 0.6% vacancy rate and gross rental yields near 5.9%. Demand is driven by mining, engineering and support-services professionals drawn to port infrastructure and Bowen Basin employment, plus lifestyle and investor buyers. The predominant 50-59 age cohort reflects established workers and retirees. Regional infrastructure investment and forecast >10% price growth in 2026 underpin confidence. Key constraints include interest-rate sensitivity and potential supply shifts affecting transaction volumes.
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PropCred Estimated Value
Comparable Sales: 49/2 Mulherin Drive sold at $538,000; 15/2 Mulherin Drive sold at $470,000 | Property Price Band: $500,000–$600,000 | Value Drivers: view orientation, internal condition, floor level
Bedrooms
3
Bathroom
2
Parking
-
Land
1.16 acres
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