In Backwater there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Backwater 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. Low average earnings from people in Backwater leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Backwater the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
None within suburb boundary(While the above schools are located with the suburb of Backwater there may also be nearby schools whose catchments cover this suburb)
| (mm) |
|Min (°C) |
|Max (°C) |
|Min (%) |
|Max (%) |
| (m/sec) |
| (MJ/sq m) |
source: Australian Government Bureau of Meteorology
|16-11-2021||$8,800,000||1543 MOUNT MITCHELL RD BACKWATER 2365|
|15-11-2019||$2,000,000||1111 PINKETT RD BACKWATER 2365|
|22-12-2017||$792,000||996 MOUNT MITCHELL RD BACKWATER 2365|
|15-12-2016||$190,000||57 TURNHAMS RD BACKWATER 2365|
|26-09-2008||$400,000||1095 MOUNT MITCHELL RD BACKWATER 2365|
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!