At number 1829th in the list of Australian suburbs ordered by increase in median house value over the last year, Blackall, 4472 is in the top half with a property value increase of 0.00% recorded in median house prices.
Vendor discounting in Blackall is giving property investors an average Vendor Discount of around -5.17%. This puts suburb at number 574th in QLD when ranking the most discounted suburbs.
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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.