QLD / Central Highlands (R) (Qld) / 4717 / Blackwater

Blackwater Property Data December 2021

Updated 15 December 2021

Blackwater Property Sales Overview

The median property value in Blackwater for December is $160,766.

Houses have decreased by -0.01% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 6.31%, from 6.15% in January.

The number of properties sold this quarter is down on last quarter from 63 to 10. This is down on the 5 year quarterly average of 99 indicating weaker demand.

What's the median House price in Blackwater in December 2021?

The median property value for houses in Blackwater is $160,766.

This is a decrease of -0.01% ($160,780) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Blackwater?

Rent prices in Blackwater are the highest they've been in 12 months at $332.

This is up 8.85% from a 12 month low of $305 in August 2021 and a 0.91% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Blackwater?

Rental yields for houses in Blackwater have increased in December for the 2nd consecutive month.

This is up from a 12 month low of 5.94% in October 2021 and down from a 12 month high of 6.49% in March 2021.

Rental yield looking back 12 months

How many properties sold in Blackwater in February?

Total sales volume in Blackwater is 10, which is down from 63 in the previous quarter.

This is 66.67% stronger than the weakest quarter in the last 5 years which was Q2 2019 with 6 sales and -80.00% weaker than the strongest quarter in the past 5 years which saw 50 sales in Q1 2018.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Blackwater in February?

40 days is the average time on market in Blackwater in December, which is down from 41 in November and has been trending down since December 2020.

This can indicate a buyers market where sellers are finding it harder to make a sale.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Blackwater?

December sees the vendor expectation error for Blackwater at -2.2% which means, on average, places sold for -2.2% less than the listing price.

This is a great sign for buyers looking to negotiate.

It’s worth noting that in a hot market you might want to set your price expectations even higher than the -2.2% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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