Another stark example of how far Queensland coal mining towns have fallen: a local newspaper records homes for sale as low as $49,000 in Blackwater, west of Rockhampton, with an average sale price around $150,000. Three years ago, Blackwater had a median house price of $360,000, following a 17% rise in the previous 12 months. The median weekly rent was $675 and typical yields around 10%. The median house price has dropped 28% in the past 12 months and the median weekly rent is now $300, less than half those peak levels, with typical yields about 4.5%. Vacancies have been as high as 8% and are currently 5%. Towns like this will recover in time, but the current state of the coal industry means a lot of pain for investors who bought in at the peak. by Terry Ryder


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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085.
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