Blackwater

house

SHARE

Share this article on:

×

Facebook Twitter LinkedIn Copy link

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.

Surburb overview

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.