Blacks Beach

POSTAL CODE: QLD, 4740

HOUSE

UNIT

Property investments in BLACKS BEACH did not fare well against the rest of the country last year, registering a median home price decrease of 29.33%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BLACKS BEACH, 4740 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 36.5 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $657,000.

BLACKS BEACH ranks 83rd on the list of best yielding suburbs for rental properties in QLD, posting a 5.14% return.

Based on its average 5-year and quarterly capital gains BLACKS BEACH, 4740 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in BLACKS BEACH, 4740 averaged 6.74% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 7.43% increase in returns based on the current median price in BLACKS BEACH.

An average of 1.83 real estate transactions take place per month in BLACKS BEACH which translates to 22 per annum.

22 properties were sold in BLACKS BEACH during the past year, making it the 254th most active market in QLD based on total real estate transactions.

BLACKS BEACH, 4740 places 319th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$657,000	$384,750
Growth Report
Median Quarterly	4.29%	1.25%
Median 12 month	29.33%	2.6%
Median 3 years	54.59%	20.23%
Median 5 years	73.35%	0%
10 years average annual	6.79%	9.83%
Weekly media advert. rent	$650	$550
Time on Market	36.5 days	36.6 days
Gross Rental Yield Percent	5.14%	7.43%

Demographics (Median Values)*

Total Population 1488

Weekly Household Income 1593

Household Size 3.00

Average Age 32

Monthly Loan Repayment 1661

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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