Blackall has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -42.50% to date .
A -54.00% growth in median value for property investors in Blackall,4472 puts this suburb at number 607th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Blackall is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in QLD
Blackall, 4472’s gross rental yield is 11.30%
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Affordability comes with decline
Median house price: $90,000
Three-year growth: -31.3%
Rental yield: 9.2%
A suburb built on the wool industry, Blackall is a destination for many tourists. It has a historical claim to being the first “black stump,” as well as being the home of Jack Howe, who set a world sheep-shearing record that was not broken for nearly 60 years.
The Shamrock Stroll historical walk introduces the best of the suburb’s history, but Blackall has its finger on the pulse of the present by establishing itself as the Arts Capital of the West. The suburb prominently displays sculptures, carvings and murals created by both local and popular artists.
One of Queensland’s most affordable suburbs, Blackall’s median house price comes in at under $100,000. However, it has also been on a steady and steep decline for a while, with values dropping by 30% in the November 2018 quarter.