Suburb Profile Report for Black River QLD (4818)

Black River House: Median price $419,000, Annual capital growth 4.73%, Number of sales 14, Weekly median advertised rent $375

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Black River is in the TOP 20% in QLD when comparing median price capital growth over the last year. Black River gave property investors a very good capital gain figure when compared to the rest of the state, with 9.54%.

Over the longer term, Black River has seen property prices show investors a 8.83% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Black River should be aiming for at least -14.14% off the asking price, which is the average vendor discount being achieved at the moment.

The QLD suburb of Black River, 4818 is in the Townsville local government area.

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Black River is a small suburb located within a short distance from the Townsville CBD. The tightly held suburb has enjoyed a solid growth of 13.65% since September 1979, according to Residex figures, where it stayed relatively flat until growth started to spike by around 2002 when it more than doubled within three years.Full summary

Black River is a small suburb located within a short distance from the Townsville CBD. The tightly held suburb has enjoyed a solid growth of 13.65% since September 1979, according to Residex figures, where it stayed relatively flat until growth started to spike by around 2002 when it more than doubled within three years.

Growth continued until it peaked at $403,000 in December 2009 before it eased back slightly, according to Residex. The last two quarters of 2010 showed a slight drop in prices, most likely a reflection of the current poor market sentiment in Queensland rather than a long-term trend.

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HOUSE UNIT
$419,000 N/A
-3.68% N/A
9.54% N/A
4.73% N/A
$375 N/A
14 N/A
4.65% N/A
137 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 1521
Median household income ($/weekly) 1517
Median age of persons 40
Median housing loan repayment ($/monthly) 1777
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 211 13.9
    25-34 years 170 11.2
    35-44 years 230 15.1
    45-54 years 268 17.6
    55-64 years 219 14.4
    Others 423 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 547 50.6
    Not Married 380 35.2
    Defacto Relationship 153 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1254 89.8
    Greece 8 0.6
    Papua New Guinea 44 3.1
    United Kingdom 37 2.6
    Other 15 1.1
    Others 39 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1008 76.2
    No Religion 300 22.7
    Buddhism 12 0.9
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 35 8.0
    $1,000-$1,249 53 12.1
    $1,500-$1,999 57 13.0
    $2,000-$2,499 54 12.4
    $2,500-$2,999 45 10.3
    Others 193 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 525 46.6
    Not in the labour force 301 26.7
    Employed, worked part-time 213 18.9
    Employed, away from work 53 4.7
    Unemployed, looking for work 35 3.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 171 21.6
    Clerical & administrative workers 115 14.5
    Sales 86 10.8
    Machinery operators & drivers 106 13.4
    Labourers 90 11.3
    Others 225 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 15 4.7
    Infants/Primary 139 43.6
    Secondary 110 34.5
    Technical or Further Educational Institution 16 5.0
    University or other Tertiary Institutions 30 9.4
    Others 9 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1371 99.1
    Caravan, cabin, houseboat 8 0.6
    Improvised home, tent, sleepers out 4 0.3
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 278 55.0
    Fully owned 168 33.3
    Rented 59 11.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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