Black River has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.66% to date .
While Black River,4818 ranked number 834th in QLD for increase in median house value (annualised) increase, it is ranked 904th over the last 5 years.
In the last year 21 properties changed hands in Black River, which puts it as the 829th most active market in QLD when comparing the number of sales per suburb.
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Black River is a small suburb located within a short distance from the Townsville CBD. The tightly held suburb has enjoyed a solid growth of 13.65% since September 1979, according to Residex figures, where it stayed relatively flat until growth started to spike by around 2002 when it more than doubled within three years.
Growth continued until it peaked at $403,000 in December 2009 before it eased back slightly, according to Residex. The last two quarters of 2010 showed a slight drop in prices, most likely a reflection of the current poor market sentiment in Queensland rather than a long-term trend.