Currajong vs South Mackay

Houses cost about the same in both suburbs: the median house price is $650K in Currajong and $650K in South Mackay.

For units, Currajong sits at a median of $680K against $445K in South Mackay, which makes South Mackay the more affordable unit market and Currajong the pricier one.

On cash flow, South Mackay leads: houses there return a gross rental yield of 5.49%, compared with 4.70% in Currajong, a gap of 0.79 percentage points.

Over the past year house prices moved +19.4% in Currajong and +18.2% in South Mackay, so recent momentum favours Currajong, although both suburbs recorded growth.

Looking back three years, Currajong houses are +74.3% and South Mackay houses +62.0%, so Currajong has compounded faster than South Mackay over the longer window.

Rental vacancy is 1.1% in South Mackay and 1.8% in Currajong, so landlords in South Mackay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

South Mackay is the bigger suburb, with a population of 6,918 against 2,490, roughly 2.8 times the size of Currajong; a larger suburb usually means a deeper pool of buyers and tenants.

In short: South Mackay for rental income, Currajong for recent price momentum, South Mackay for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.