612/55 River Street, Mackay, QLD 4740 | Unit for sale | OnTheHouse
 
FOR SALE
$469,000

612/55 River Street
Mackay QLD 4740

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 76m2
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Dual-Key Investment in Oaks Rivermarque Strong Returns in a Prime Riverfront L

Positioned within the highly sought-after Oaks Rivermarque complex, Apartment 612 presents a compelling investment opportunity in the heart of Mackay's riverfront precinct. Offering a flexible dual-key configuration, this property is designed to maximise returns while providing versatility for both short-term accommodation and long-term leasing.
The apartment comprises a spacious primary suite alongside a fully self-contained secondary studio, allowing for dual income streams or the option to combine into one larger residence. With access to professional onsite management, this is an ideal set-and-forget investment within a well-established complex.
Financial performance highlights the strength of this asset, with consistent occupancy and income generation as it is currently under a hotel management strategy.
(Further financial information is available for review)
Property highlights include:
Dual-key layout for maximum flexibility and income potential
Strong historical returns with professional onsite management
Body Corporate contributions approximately $5,977 annually (admin + sinking fund)
Insurance Levy of approximately $2900 per annum
Council rates approximately $2,173 per half year
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Property Details for 612/55 River St, Mackay

612/55 River St, Mackay is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 76m2. The place is currently for sale with LJ Hooker Mackay Group.

Building Type
Unit
Land Size
76m2
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About Mackay 4740

The size of Mackay is approximately 4.4 square kilometres. There are 12 parks, covering nearly 5.3% of the total area. The population of Mackay in 2016 was 3659 people. By 2021 the population was 4026 showing a population growth of 10.0% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mackay work in a professional occupation.In 2021, 30.70% of the homes in Mackay were owner-occupied compared with 31.80% in 2016.

Mackay has 3,514 properties. Over the last 5 years, Houses in Mackay have seen a 104.27% increase in median value, while Units have seen a 75.54% increase. As at 30 April 2026:

  • The median value for Houses in Mackay is $559,783 while the median value for Units is $437,680.
  • Houses have a median rent of $500 while Units have a median rent of $480.
There are currently 36 properties listed for sale, and 19 properties listed for rent in Mackay on OnTheHouse. According to Cotality's data, 241 properties were sold in the past 12 months in Mackay.

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Tara Smyth
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LJ Hooker Mackay Group
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