
Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
Figures from the previous quarter show that capital gains for real estate buyers in BLACKWATER are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $275 based on current median home prices for the suburb.
On average, rents on listings have reached the $275 mark, reflecting a 11% increase in returns based on the current median price in BLACKWATER.
BLACKWATER, 4717 ranks 721st in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 5th on the list of best yielding suburbs for rental properties in QLD, posting a 11% return.
Blackwater is a town and locality in Queensland, situated 836 kilometres from Brisbane and 190 kilometres from Rockhampton. The town derives its name from local water holes, which contain black water that could be spotted in the area. It was registered as a suburb in 1886.
Blackwater has a young population, with a median age set at 29 years old. The inhabitants’ ethnicity is diverse, composed of residents coming from Australia, New Zealand, England, Philippines, Scotland, Germany, Papua New Guinea, South Africa and Malaysia. As a coal-mining town, majority of Blackwater’s workforce is composed of skilled tradespeople, such as machinery operators, technicians, and labourers.
Real estate types
Nearly 90 per cent of dwelling spaces in Blackwater are separate or detached houses, while the rest come in the form of flats or apartments, semi-detached row or town house, and other types. Real estate listings for Blackwater typically involve parcels of land and acreages, vacant lots and old properties in mature neighbourhoods, and housing and land packages in new developments.
Prices fluctuate between $80,000 and a whopping $1.5 million based on recent market data. Though prices are impacted by the resources downturn in the mining region, rental yields are showing the opposite, up by nearly 13 per cent in the past year.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $130,000 | N/A |
GROWTH REPORT | ||
Median Quarterly | -8.77% | N/A |
Median 12 month | -1.52% | N/A |
Median 3 years | 242.11% | N/A |
Median 5 years | -13.33% | N/A |
10 years average annual | 4.91% | N/A |
Weekly media advert. rent | $275 | N/A |
Time on Market | 107.6 days | N/A |
Gross Rental Yield Percent | 11% | N/A |