Suburb Profile Report for Blackwater QLD (4717)

Blackwater House: Median price $140,000, Annual capital growth 5.12%, Number of sales 99, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Blackwater has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.41%

If we look at median property appreciation over just the last three months, Blackwater has given property investors a paper return of 0.00%. This puts Suburb as 834 on a list of fastest fasting appreciating suburbs in QLD

Sellers are offering property buyers an average discount of -10.51% to buyers in Blackwater at the moment, which is less than average for the rest of QLD.

On average over the past year, suburb has had 8.25 sales per month, which equates to 99 per year.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

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Just over a two-hour drive from Rockhampton, but a lengthy nine-hours or 825km from Brisbane, Blackwater is a small inland town in Central Queensland. Its population at the 2006 Census was a little over 5000, with a young median age of 29 that same year, seven years below the state average (36) according to SQM Research.

Nevertheless, it plays a major role in the region’s mining industry, with six major open cut coal mines and one underground mine operating outside of the town. These mines produce millions of tonnes of coking and steaming coal each year, which are then exported worldwide to Japan, Italy, the United Kingdom, France, and many other countries. The steaming coal produced is also used for power generation within Queensland.

It therefore comes as no surprise that Blackwater is known as the ‘Coal Capital of Queensland’, with mining being the primary employer in the town. According to ABS estimates, 26.3% of the local workforce was employed in intermediate production in 2008 while 14.9% were tradespersons.

Meanwhile, the area’s property market has also been on the up, with recent growth figures outstripping the ten-year average annual rate. Median house prices in Blackwater are still an affordable at less than $400,000, and rental yields are knocking on double figures.

Blackwater Real Estate sales consultant Leanne Ellis says the area’s booming mining industry means housing shortages are an issue, and rent prices in Blackwell will only continue rising.

“I would say your average rent price, over the last four months, has jumped between $100 and $200 a week. They are definitely skyrocketing,” Ellis said.

Renters made up 52% of the market in 2006 according to SQM Research, and the huge demand for rental property means monthly vacancy rates are on or around 0%. This bodes well for investors who are looking for strong rental returns from their properties, as mining continues to bring workers into Blackwater.

“From an investor’s perspective, at this point in time, they really can’t go wrong,” Ellis concludes.

Metrics i HOUSE UNIT
$140,000 N/A
0.00% N/A
-5.41% N/A
5.12% N/A
$300 N/A
99 N/A
11.14% N/A
102.55737704918 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Below average (H)
Find a mortgage broker in Blackwater QLD
Total population 5100
Median household income ($/weekly) 2682
Median age of persons 30
Median housing loan repayment ($/monthly) 1820
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 508 10.0
    5-14 years 791 15.5
    25-34 years 941 18.5
    35-44 years 850 16.7
    45-54 years 722 14.2
    Others 1288 25.3
    Age Group
    Census Count Percent(%)
    Registered Married 1607 51.2
    Not Married 1044 33.3
    Defacto Relationship 486 15.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4209 90.1
    Papua New Guinea 204 4.4
    Philippines 23 0.5
    United Kingdom 60 1.3
    Other 80 1.7
    Others 93 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.5
    Christianity 3245 72.3
    Hinduism 7 0.2
    Other Religious Groups 11 0.2
    No Religion 1202 26.8
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 169 12.7
    $2,500-$2,999 391 29.4
    $3,000-$3,499 175 13.1
    $3,500 -$3,999 85 6.4
    $4,000 or more 152 11.4
    Others 360 27.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2032 58.7
    Not in the labour force 619 17.9
    Employed, worked part-time 535 15.4
    Employed, away from work 218 6.3
    Unemployed, looking for work 60 1.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 280 10.1
    Technicians & trades workers 616 22.1
    Clerical & administrative workers 284 10.2
    Machinery operators & drivers 767 27.5
    Labourers 311 11.2
    Others 527 18.9
    Census Count Percent(%)
    Pre-school 80 7.4
    Infants/Primary 508 47.1
    Secondary 309 28.7
    Technical or Further Educational Institution 72 6.7
    University or other Tertiary Institutions 91 8.4
    Others 18 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4366 97.6
    Flat, unit or apartment 32 0.7
    Semi-detached, row or terrace house, townhouse 31 0.7
    Caravan, cabin, houseboat 29 0.6
    House or flat attached to a shop, office 16 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 936 62.5
    Being purchased 337 22.5
    Fully owned 215 14.4
    Other tenure type 9 0.6
    Tenure Type
Census 2011, ABS
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