Expect to face a competitive Mackay rental market if you move to Mackay. It is not uncommon for there to be up to a dozen applicants or more per property.
We strongly advise all applicants to have their documentation prepped to apply quickly.
If you are in a position to offer attractive terms (extended lease period or upfront payments), then you might snare your dream rental.
Tight Market
The rental market in Mackay is tight with an average of 1% vacancy rate in the past year.
Preparation is paramount
In our experience, the quicker you react to the property, the higher your chances of being
considered.
Also write a short bio cover letter on your living style to accompany your 2Apply form.
Know your numbers
Don’t pay over the odds. Know your numbers and keep to your budget. As a general rule, you want to keep under 6% yield as a tenant.
Landlords will always want more in a tight market.
Ideally you want to pay less than 6% of the rental yield (eg. $400k home with 6% yield is $24,000/52 weeks = $461/week.
