Suburb Profile Report for Black River QLD (4818)

Black River House: Median price $406,500, Annual capital growth 4.15%, Number of sales 12, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Black River, 4818 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.85%

Taking the average capital gain, or increase in median house value, Black River,4818 has racked up an average of -0.85% over the period. This ranks it number 3225th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Black River, 4818. Typically our figures indicate that -12.45% is being offered, which puts this QLD suburb at 152th most discounted overall in Australia.

Situated 1122.92km from the CBD, Black River is one of Townsville localities in the postcode 4818.

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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.

Close
HOUSE UNIT
$406,500 N/A
-5.02% N/A
-0.85% N/A
4.15% N/A
$375 N/A
12 N/A
4.80% N/A
149.27 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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Recent sales & rentals