All About Racecourse, Mackay, QLD, 4740

Racecourse, located in Mackay, Queensland, offers a unique blend of suburban tranquility and the rustic charm of a rural setting, making it an increasingly attractive area within the regional housing market. The housing landscape here predominantly features spacious lots and family-friendly homes, offering residents ample space for gardens and outdoor activities. In recent years, the area has seen a moderate increase in property values, reflecting its growing popularity. This suburb appeals to those looking for a quieter lifestyle while staying within a reasonable distance of Mackay's urban amenities. Its proximity to sugarcane fields and the Ooralea Racecourse adds a distinctive character to the local community, playing into both its name and its historical significance in the region.

Living in Racecourse offers residents a peaceful, community-oriented environment. Its semi-rural setting provides a scenic backdrop with ample green spaces, walking tracks, and outdoor recreation options, making it ideal for families and retirees seeking a laid-back lifestyle. Despite its peaceful environment, Racecourse is not far removed from essentials; local shopping centers, schools, and healthcare services are conveniently accessible, adding to the appeal of the area. The suburb also hosts a range of community events and gatherings, which help foster a close-knit neighborhood vibe. With its blend of serene living conditions and access to modern conveniences, Racecourse serves as an attractive option for those looking to experience the best of both worlds in Queensland.

Racecourse Real Estate Market Outlook

Thinking about buying in Racecourse? Now could not be a better time, with just 197 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $619,000 with prices in this suburb ranging from $262,000 to $2,639,000. Racecourse is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Racecourse 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 Racecourse 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 Racecourse 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 Racecourse 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 Racecourse 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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