Property value increases in Blackall have tracked higher than the QLD average of 5.76% over the last 12 months.
Taking the average capital gain, or increase in median house value, Blackall,4472 has racked up an average of 35.71% over the period. This ranks it number 4182th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Blackall are currently offering property investors an average price cut of -11.11% below the asking price at the moment.
Often selling an investment property can take time, and in Blackall the average time real estate has been on the market is 110.917 days.
Blackall is 6th on a list of best yielding suburbs for rents in QLD with a 10.95% return
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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.