Both markets have comparable gross yields (6.0% vs 5.7%). Both markets carry similar cashflow positions under current yield and interest rate assumptions.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Mackay QLD · #4 | Morwell VIC · #7 |
|---|---|---|
| Gross Yield | 6.0% | 5.7% |
| Vacancy Rate | 0.8% | 1% |
| Median Price | $515k | $358k |
| Weekly Rent | $590/wk | $390/wk |
| Net pre-costs pa | +$3,900 | +$1,664 |
| Cashflow | Positive | Positive |
| Rent Growth 12m | +7% | +5.5% |
| Price Growth 12m | +5.5% | +5.1% |
| NG Dependence | None | None |
| Discovery Status | Emerging | Unknown |
| Population | 78k | 14k |
| Cycle Stage | Early-Mid | Early |
| Policy Impact | ▲ UPGRADED | ▲ STRONG UPGRADE |
| Signal Score | 70 / Tier 2 | 68 / Tier 1 |
6.0% yield is cashflow positive. Mackay is the service hub for Australia's most productive coking coal basin. FIFO workers create reliable accommodation demand. Vacancy at 0.8% is very tight. $590/wk rent on $515k price sits well in positive cashflow territory.
5.7% yield is cashflow-positive at 6.5% rate and improves as rent grows at +5.5%pa. Keppel data centre catalyst is literally next door: Morwell is the primary accommodation suburb for the construction workforce. New build lots available at <$420k all-in, still NG-eligible under budget rules.
CoreLogic QLD Q1 2025 · REIQ Mackay Q4 2024 · SQM Research · Queensland Resources Council 2024 · Isaac Regional Council infrastructure report 2024
Data vintage: Q1 2025
CoreLogic SA3 Latrobe Valley Q1 2025 · SQM Research vacancy Mar 2025 · REI Victoria Q4 2024 · Latrobe Valley Authority Transition Plan 2024
Data vintage: Q1 2025
The interactive tool lets you add up to 4 suburbs for a full side-by-side breakdown with score components.
Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.