Mackay housing market remains 20% lower than five years ago: REIQ

Mackay housing market remains 20% lower than five years ago: REIQ
Mackay housing market remains 20% lower than five years ago: REIQ

While there is good news on the horizon with Mackay being named a FIFO base for the Adani mine, the market is still finding its footing, according to REIQ's latest report.

The quarterly median house price of $318,000 is just 0.2% lower than the September quarter.

However, this market remains 20% lower than five years ago when the median house price was $411,000.

The unit market is small, as it is in almost every regional Queensland town.

The quarterly median unit price of $200,000 (off 32 transactions) is 6.3% lower than the September quarter.

The market is 18.2% lower than 12 months ago and 29.9% lower than five years ago, when the median unit price was $321,000.

A three bedroom house at 5 Grant Street, Mackay (above) has been listed for $320,000.

Similarly a three bedroom house at 3 Hamlet Street, Mackay (below) has been listed for $325,000.

Mackay housing market remains 20% lower than five years ago: REIQ

Tags: 
Reiq Mackay

Comments

Be the first one to comment on this article
What would you like to say about this project?