Black River has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 25.00% to date .
Black River,4818 was ranked 1605 in Australia by increase in median property value over the quarter.
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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.