A salt-works township on the Bruce Hwy with a genuine employment anchor — Cheetham Salt (Australia's largest salt maker) and Olsson's Pacific Salt run evaporative pans here — and no residential development pipeline, so no new supply competes with the existing stock.
Every headline number is noise: a 3-sale-a-year market, an $870k median that pushes gross yield to ~2.7% (far below Rockhampton's 5-7% norm), only 13% of dwellings rented and a rent series down 17.9% — no reliable valuation and almost no tenant pool for a cash-flow-dependent LRBA hold.
Older rural/worker stock on large lots and septic is exactly the repair-heavy profile the LRBA cannot fund, and the locality sits 30-35min from Rockhampton with no fixed-route bus — thin to lease and thin to sell.
Not investment-grade for an SMSF: the market is too thin to underwrite and the yield too low to hold. At best a niche owner-buyer play for someone tied to the salt works — not an income strategy. Pass on the numbers.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✓ Good | 22.0% compound over 5 yrs, 67% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✗ Bad | 2.7% gross — heavy negative cash flow inside the fund — the growth has to justify it. PropTrack via suburb page |
| Flood risk | ◐ Mixed | No suburb-level flood record; the SE corridor is Fitzroy-delta storm-tide/coastal-lowland country, but Bajool sits inland at the Bruce Hwy/Port Alma turn-off — check Rockhampton Regional Council flood mapping at address level. Flood factpack (Capricorn Enterprise 2026); RRC flood maps (verify) |
| Crime | ◐ Mixed | No suburb-level crime data; small highway/salt-works locality under QPS Capricornia District (Gracemere/Rockhampton divisions); assumed low absolute crime by population but unverified. Crime factpack (QPS/RedSuburbs 2025 — UNCERTAIN) |
| Infrastructure | ✗ Bad | Bruce Hwy locality ~30-35min from Rockhampton; salt works (Cheetham Salt, Olsson's Pacific Salt) give industrial jobs but there is no retail, hospital, school or rail; the Bajool-Port Alma Rd upgrade is freight-focused. Transport & Supply factpacks (2025) |
| Owner-occupier appeal | ✓ Good | 85% owned / 13% rented, 76% family households — owner-occupier depth supports prices and resale; verify tenant demand separately (listings volume, room demand). ABS via suburb page |
| New supply risk | ✓ Good | No residential development pipeline; rural/industrial locality — structural supply scarcity, though residential demand is thin. Supply factpack (2025) |
| Distance to rail | ✗ Bad | No rail; ~30-35min to Rockhampton CBD on the sealed Bruce Hwy (national freight route), car-dependent with little/no fixed-route bus. Transport factpack (Kinetic/Translink 2025) |
| Housing stock & upkeep | ✗ Bad | Small highway salt-works township of older rural/worker dwellings on large lots and septic — repair-heavy stock the LRBA cannot fund. editorial — stock-age judgment |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $327,500 | 8 |
| 2021-08-31 | $315,000 | 7 |
| 2021-09-30 | $240,000 | 7 |
| 2021-10-31 | $277,500 | 8 |
| 2021-11-30 | $277,500 | 10 |
| 2021-12-31 | $240,000 | 11 |
| 2022-01-31 | $240,000 | 9 |
| 2022-02-28 | $240,000 | 10 |
| 2022-03-31 | $240,000 | 10 |
| 2022-04-30 | $240,000 | 10 |
| 2022-05-31 | $240,000 | 9 |
| 2022-06-30 | $240,000 | 8 |
| 2022-07-31 | $240,000 | 8 |
| 2022-08-31 | $360,000 | 8 |
| 2022-09-30 | $480,000 | 7 |
| 2022-10-31 | $195,000 | 7 |
| 2022-11-30 | $195,000 | 5 |
| 2022-12-31 | $397,500 | 4 |
| 2023-01-31 | $397,500 | 4 |
| 2023-02-28 | $195,000 | 3 |
| 2023-03-31 | $185,000 | 4 |
| 2023-04-30 | $420,000 | 6 |
| 2023-05-31 | $270,000 | 7 |
| 2023-06-30 | $327,500 | 8 |
| 2023-07-31 | $327,500 | 8 |
| 2023-08-31 | $270,000 | 7 |
| 2023-09-30 | $270,000 | 7 |
| 2023-10-31 | $327,500 | 8 |
| 2023-11-30 | $327,500 | 8 |
| 2023-12-31 | $327,500 | 8 |
| 2024-01-31 | $327,500 | 8 |
| 2024-02-29 | $285,000 | 10 |
| 2024-03-31 | $300,000 | 9 |
| 2024-04-30 | $270,000 | 7 |
| 2024-05-31 | $300,000 | 5 |
| 2024-06-30 | $300,000 | 5 |
| 2024-07-31 | $300,000 | 5 |
| 2024-08-31 | $490,000 | 6 |
| 2024-09-30 | $548,500 | 10 |
| 2024-10-31 | $547,000 | 9 |
| 2024-11-30 | $547,000 | 9 |
| 2024-12-31 | $521,000 | 10 |
| 2025-01-31 | $521,000 | 10 |
| 2025-02-28 | $548,500 | 8 |
| 2025-03-31 | $548,500 | 8 |
| 2025-04-30 | $548,500 | 8 |
| 2025-05-31 | $548,500 | 8 |
| 2025-06-30 | $521,000 | 8 |
| 2025-07-31 | $521,000 | 8 |
| 2025-08-31 | $495,000 | 7 |
| 2025-09-30 | $400,000 | 3 |
| 2025-10-31 | $332,500 | 2 |
| 2025-11-30 | $300,000 | 3 |
| 2025-12-31 | $350,000 | 2 |
| 2026-01-31 | $400,000 | 3 |
| 2026-02-28 | $400,000 | 3 |
| 2026-03-31 | $400,000 | 3 |
| 2026-04-30 | $400,000 | 3 |
| 2026-05-31 | $635,000 | 4 |
| 2026-06-30 | $870,000 | 3 |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $270/wk | 1 |
| 2021-08-31 | $270/wk | 1 |
| 2021-09-30 | $270/wk | 1 |
| 2022-01-31 | $600/wk | 1 |
| 2022-02-28 | $600/wk | 1 |
| 2022-03-31 | $600/wk | 1 |
| 2022-04-30 | $600/wk | 1 |
| 2022-05-31 | $600/wk | 1 |
| 2022-06-30 | $600/wk | 1 |
| 2022-07-31 | $600/wk | 1 |
| 2022-08-31 | $600/wk | 1 |
| 2022-09-30 | $600/wk | 1 |
| 2022-10-31 | $600/wk | 1 |
| 2022-11-30 | $600/wk | 1 |
| 2022-12-31 | $600/wk | 1 |
| 2023-01-31 | $600/wk | 1 |
| 2024-08-31 | $420/wk | 1 |
| 2024-09-30 | $560/wk | 2 |
| 2024-10-31 | $560/wk | 2 |
| 2024-11-30 | $560/wk | 2 |
| 2024-12-31 | $560/wk | 2 |
| 2025-01-31 | $560/wk | 2 |
| 2025-02-28 | $560/wk | 2 |
| 2025-03-31 | $560/wk | 2 |
| 2025-04-30 | $560/wk | 2 |
| 2025-05-31 | $560/wk | 2 |
| 2025-06-30 | $560/wk | 2 |
| 2025-07-31 | $560/wk | 2 |
| 2025-08-31 | $560/wk | 2 |
| 2025-09-30 | $560/wk | 2 |
| 2025-10-31 | $420/wk | 1 |
| 2025-11-30 | $420/wk | 1 |
| 2025-12-31 | $460/wk | 2 |
| 2026-01-31 | $460/wk | 2 |
| 2026-02-28 | $460/wk | 2 |
| 2026-03-31 | $460/wk | 2 |
| 2026-04-30 | $460/wk | 2 |
| 2026-05-31 | $460/wk | 2 |
| 2026-06-30 | $460/wk | 2 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | $585k | — | $420 | $1.12m |
| Median rent | $500/wk | — | $420/wk | — |
| Implied yield | 4.4% | — | 5200.0% | — |
| School | Level | Grades | Sector | Students |
|---|---|---|---|---|
| Bajool State School | Primary | Prep-6 | Government | 33 |
| Address | Sold price |
|---|---|
| 884 Upper Ulam Road, Bajool | $1,120,000 |
| 291 Six Mile Road, Bajool | $870,000 |
| 42 Toonda Street, Bajool | $485,000 |