All About Paget, Mackay, QLD, 4740

Paget, located in Mackay, Queensland, is primarily known as an industrial hub due to its proximity to the coal mining and sugar industries that drive the local economy. However, its position in the larger Mackay region makes it an interesting spot for residential opportunities. The housing market in Paget tends to be more modest compared to more residential-focused areas, with a mix of older homes and new developments catering mainly to workers in the surrounding industries. Affordability is a key factor here, drawing in individuals and families looking for cost-effective housing options while still being within reasonable commuting distance to Mackay's city center, where more extensive residential amenities and services can be found.

Living in Paget offers a unique lifestyle that blends industrial vibrancy with the laid-back charm of regional Queensland. Residents benefit from the practical advantages of being close to employment centers, particularly for those involved in the mining and manufacturing sectors. Despite its industrial nature, Paget is within easy reach of Mackay's natural attractions, including beautiful beaches and the scenic hinterland. This access to both work and leisure makes Paget a strategic location for those looking to balance their professional responsibilities with the lifestyle perks of living in coastal Queensland. The community is friendly and tight-knit, making it an appealing option for those who appreciate a sense of belonging and involvement in local activities.

Paget Real Estate Market Outlook

Thinking about buying in Paget? Now could not be a better time, with 1319 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $686,000 with prices in this suburb ranging from $46,000 to $12,364,000. Paget is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Paget due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Paget changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Paget necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Paget we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Paget a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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