Over the last year, property investments in Blackall, 4472 have given investors a capital gain of -20.57%. This compares very badly with the 0.01% for QLD as a whole.
While Blackall,4472 ranked number 87th in QLD for increase in median house value (annualised) increase, it is ranked 825th over the last 5 years.
Property buyers and investors in Blackall 4472 should be seeing an average reduction in asking price of around -6.94% . This means that Blackall is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Blackall being $69500 and the advertised rent reaching $172.5 the gross rental yield for property investors calculates out to be 12.91%
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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.