If you move to Mackay, expect to face a competitive rental market. It is not uncommon for there to be up to a dozen applicants or more per property.
We strongly advise all applicants to have documentation prepped to apply quickly.
If you are able to offer attractive terms (such as an extended lease period or upfront payments), you might snare your dream rental.
Tight Market
The rental market in Mackay is tight, with an average vacancy rate of 1% 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 about your lifestyle to accompany your 2Apply form.
Know your numbers
Don’t pay over the odds. Know your numbers and stick to your budget. As a tenant, you generally want to keep under 6% yield.
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.
