INDUSTRY INSIGHTS
Mackay & Whitsunday Region
The highs of 2012/13 made the lows of the following years seem exceptionally crushing. The region is showing promising signs in the current market and this was all started in the wake of Cyclone Debbie. Our new home and unit numbers are still on the rise but we do have a way to go before we get the consistent new home numbers of pre-2012.
Malcom Hull Mackay & Whitsunday Regional Manager THE Mackay & Whitsunday region and its building and construction numbers have had some interesting highs and lows in the past five years.
$
1,876
Median mortgage repayment per month
16 | Master Builder
$
of the Mackay Airport over the next 20 years •
Mackay Port Access Road and Ring Road stages one and two
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Bruce Highway upgrade – Goorganga Planes flood mitigation
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Urranah Dam project
The median house price has increased to $385,900k and the rental market has also seen a strengthening in rental prices and vacancy rates. This is positive news for local home owners. There are a number of significant projects planned for the Mackay & Whitsunday region which are already approved and in planning stages, including:
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Retirement villages
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A major Medical Research facility has
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market is looking very healthy. This all leads
The Mackay Airport Land Use Plan, which was recently approved and proposes a $900 million redevelopment
385,900 Median new house price
$
been approved for the local university. There's a level of positivity in the local construction industry that has not been seen for many years. This is also supported by good signs that the renovation and extension to a market that has much to look forward to for the coming years.
157,000 Median vacant land price
$
37,284 Median personal income per year