Across a shorter period, Blackall, 4472 has seen a median price increase of 21.05% over the last quarter.
Our latest figures would indicate that property sellers in Blackall are currently offering property investors an average price cut of -8.53% below the asking price at the moment.
Blackall is 24th on a list of best yielding suburbs for rents in QLD with a 8.03% return
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Information supplied by:
February 2019
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Affordability comes with decline
Postcode: 4472
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.