I P S W I C H • PA R K W O O D • P I M PA M A
MACKAY OUTLOOK
APRIL 2020
Mackay is home to a diverse and vibrant community with rural and coastal living opportunities.
The Mackay Regional Local Government Area is one of the fastest growing in Queensland, with a population of 180,000.
The area is known for its white sandy beaches and crystal-clear ocean waters – a premier tourist destination for Australians and international visitors alike.
Growth is fueled by a resurgence in mining, agribusiness and growth in construction, logistics and tourism.
Just over an hour’s flight from Brisbane, the Mackay region’s expanding employment, investment and development opportunities, buoyant economy and lifestyle attributes are a few of the positive aspects that encourage people to live, work and play in the region.
The Mackay region is also the gateway to the rich coal mining resources further to the west and is one of the largest sugar-producing regions in Australia.
LOCATION: Only just over an hour’s flight
NEW RESOURCE TRAINING CENTRE: Plans
PROPERTY PRICE GROWTH: The median
north-south Bruce Highway, connecting
$3.6 million Resources Centre of Excellence.
Median property prices over the last year
from Brisbane and positioned along the Brisbane to Cairns.
RAPID DEVELOPMENT: Numerous new
developments are under review or have
were finalised for construction to start on a
A simulated underground coal mine providing close to real conditions for industry training and research purposes.
been approved as part of the revitalisation of
THE MACKAY WATERFRONT PDA: The PDA
road infrastructure upgrades, Sugar Bowl
within the Mackay city centre, creating social,
Mackay including the Mackay Waterfront PDA, Mackay and Galilee Basin projects.
GROSS REGIONAL PRODUCT $8.623 BILLION
The Mackay region has a gross regional product (GRP) of $8.623 billion, which is spread across a diverse economic
base featuring manufacturing, mining, construction, real estate, logistics and tourism.
has revitalised the land and infrastructure liveability and economic benefits for the whole community.
EMPLOYMENT
47,975 WORKERS Key employment sectors in the region: •
5948 - Health care and social
•
5454 - Retail trade
•
4038 - Education and training
•
3988 - Construction
•
3542 - Manufacturing
assistance
house price in Mackay (suburb) is $300,000. range from $270,000 for houses to $210,000 for units. If you are looking for an investment
property, consider houses in Mackay rent out for $350 PW with an annual rental yield of
6.7% and units rent for $280 PW with a rental yield of 6.9%. Based on five years of sales,
Mackay has seen a compound growth rate of -6.6% for houses and -8.8% for units.
TOTAL ECONOMIC OUTPUT $16.477 BILLION •
$5.1 billion mining and manufacturing
•
Tourism outputs of are reported to
•
One-third of the region’s economic
sectors supporting 6165 jobs.
exceed $527 million and 3016 jobs. output is produced by mining and manufacturing sectors.
•
Mackay is also a world leader in
resource technology and innovation. property prices over the last year
The residential market in Mackay has turned a corner, ranking as one of the top 10 growth areas in Australia, having risen 5.1% in the year to December 2019.
The Queensland Government has green lit $1 billion Olive Downs coal project in the Bowen Basin. The project is expected to create 1,000 operational jobs and 500 during construction, contributing an estimated $8 billion to the local economy.
Under the Facilitating Development in the Mackay Region Policy the delivery of significant capital investment and employment has occurred, particularly in the areas of industrial, health, aged care and retirement living, tourism, bio-futures, community facilities and the Mackay Waterfront PDA.