Thinking about buying in Black Mountain? Now could not be a better time, with just 257 residential dwellings it's a highly sought after location.
The average property price for this area is $801,000 with prices in this suburb ranging from $82,000 to $3,138,000.
Distance to the coast is 118 Km.
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Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Low average incomes in Black Mountain is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Black Mountain provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Black Mountain requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|19 WATERGUM PL, BLACK MOUNTAIN, QLD, 4563||3||1||2||$1,100,000|
Black Mountain Public School(While the above schools are located with the suburb of Black Mountain there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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