147/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit.
This Studio Unit is in a resort setting in Nelly Bay, Magnetic Island off the coast of the Great Barrier Reef
Great to own your own personal unit to use a your holiday place to stay. And still be able to rent it out as a holiday property for extra income!
The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 years. Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation. In 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.
Nelly Bay has 1,412 properties. Over the last 5 years, Houses in Nelly Bay have seen a 86.53% increase in median value, while Units have seen a 420.53% increase. As at 31 October 2024:
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