Blacks Beach

POSTAL CODE: QLD, 4740

HOUSE

UNIT

Property investments in BLACKS BEACH fare well against the rest of the country last year, registering a median home price increase of 29.09%.

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 27.2 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 $710,000.

BLACKS BEACH ranks 124th on the list of best yielding suburbs for rental properties in QLD, posting a 4.76% return.

BLACKS BEACH, 4740 ranks 245th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.68% for property investors last year.

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 17.2% per annum over a 3-year period.

Average weekly rents on listings have reached the $585 mark, reflecting a 6.47% increase in returns based on the current median price in BLACKS BEACH.

An average of 1.92 real estate transactions take place per month in BLACKS BEACH which translates to 23 per annum.

23 properties were sold in BLACKS BEACH during the past year, making it the 250th most active market in QLD based on total real estate transactions.

BLACKS BEACH, 4740 places 4th 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	$710,000	$470,000
Growth Report
Median Quarterly	5.97%	20.67%
Median 12 month	29.09%	23.68%
Median 3 years	68.25%	51.61%
Median 5 years	86.84%	0%
10 years average annual	7.98%	14.85%
Weekly media advert. rent	$650	$585
Time on Market	27.2 days	31.4 days
Gross Rental Yield Percent	4.76%	6.47%

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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