Structural new-supply scarcity, and a headline five-year price CAGR near 22% — though on a 1-sale, 1-rental market that figure is an artefact, not a trend.
The income side is the weakest read in the group: a ~2.1% yield on a $1.37m median and only 14% rented on a 90-person base — a shallow, unprovable tenant pool with losses trapped at 15% inside an LRBA.
Very remote (~35-45 min, car-dependent, no rail), older acreage on septic the fund cannot fund to improve, and Fitzroy/bushfire exposure with no suburb-level flood mapping.
The pretty price CAGR flatters a two-datapoint market; the sub-2.5% yield and non-existent tenant pool are the real signal. Not an SMSF hold — pass.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✓ Good | 22.4% compound over 3 yrs, 61.2% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✗ Bad | 2.1% gross — heavy negative cash flow inside the fund — the growth has to justify it. PropTrack via suburb page |
| Flood risk | ◐ Mixed | Fitzroy floodplain/rural bushfire zone west of the river; no suburb-specific flood mapping located — verify on Rockhampton Regional Council flood maps at address level. Bushfire season July-November. Flood factpack (UNCERTAIN — Subregion 4); RRC flood maps |
| Crime | ◐ Mixed | No suburb-level QPS rate (pop 90); Capricornia District rural division, assumed low absolute crime by population but unverified — confirm on the QPS Online Crime Map. Crime factpack — QPS Capricornia District (no suburb-level data) |
| Infrastructure | ✗ Bad | Remote western rural locality ~35-45 min from Rockhampton; no township, retail, rail or hospital — wholly car-dependent on the city. Transport factpack (drive-time est.) |
| Owner-occupier appeal | ✓ Good | 74% owned / 14% rented, 64% 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 | Rural acreage/agricultural zoning with negligible new-dwelling pipeline — structural scarcity of new stock. Supply factpack (Subregion 4) |
| Distance to rail | ✗ Bad | No rail in the region; as transport access it is a remote, car-dependent locality ~35-45 min from the CBD with no fixed-route bus. Transport factpack (drive-time est.) |
| Housing stock & upkeep | ✗ Bad | Older, remote rural acreage (median age 46) on septic/tank/bore; heavy standing upkeep plus remote-tradesman premiums the LRBA cannot fund. editorial — acreage stock judgment |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $711,000 | 2 |
| 2021-08-31 | $711,000 | 2 |
| 2021-09-30 | $540,000 | 3 |
| 2021-10-31 | $540,000 | 3 |
| 2021-11-30 | $540,000 | 3 |
| 2021-12-31 | $497,500 | 2 |
| 2022-01-31 | $497,500 | 2 |
| 2022-02-28 | $497,500 | 2 |
| 2022-03-31 | $497,500 | 2 |
| 2022-04-30 | $540,000 | 3 |
| 2022-05-31 | $540,000 | 3 |
| 2022-06-30 | $540,000 | 3 |
| 2022-07-31 | $614,500 | 2 |
| 2022-08-31 | $614,500 | 2 |
| 2022-09-30 | $689,000 | 1 |
| 2022-10-31 | $644,500 | 2 |
| 2022-11-30 | $644,500 | 2 |
| 2022-12-31 | $644,500 | 2 |
| 2023-01-31 | $644,500 | 2 |
| 2023-02-28 | $644,500 | 2 |
| 2023-03-31 | $644,500 | 2 |
| 2023-04-30 | $600,000 | 1 |
| 2023-05-31 | $600,000 | 1 |
| 2023-06-30 | $600,000 | 1 |
| 2023-07-31 | $600,000 | 1 |
| 2023-08-31 | $600,000 | 1 |
| 2023-09-30 | $600,000 | 1 |
| 2025-06-30 | $850,000 | 1 |
| 2025-07-31 | $850,000 | 1 |
| 2025-08-31 | $850,000 | 1 |
| 2025-09-30 | $850,000 | 1 |
| 2025-10-31 | $850,000 | 1 |
| 2025-11-30 | $850,000 | 1 |
| 2025-12-31 | $850,000 | 1 |
| 2026-01-31 | $850,000 | 1 |
| 2026-02-28 | $850,000 | 1 |
| 2026-03-31 | $1,110,000 | 2 |
| 2026-04-30 | $1,110,000 | 2 |
| 2026-05-31 | $1,110,000 | 2 |
| 2026-06-30 | $1,370,000 | 1 |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $450/wk | 1 |
| 2021-08-31 | $450/wk | 1 |
| 2021-09-30 | $450/wk | 1 |
| 2021-10-31 | $450/wk | 1 |
| 2021-11-30 | $450/wk | 1 |
| 2021-12-31 | $450/wk | 1 |
| 2022-01-31 | $450/wk | 1 |
| 2022-02-28 | $450/wk | 1 |
| 2022-03-31 | $450/wk | 1 |
| 2022-04-30 | $450/wk | 1 |
| 2022-05-31 | $450/wk | 1 |
| 2022-06-30 | $450/wk | 1 |
| 2022-07-31 | $450/wk | 1 |
| 2022-08-31 | $450/wk | 1 |
| 2022-09-30 | $450/wk | 1 |
| 2022-10-31 | $450/wk | 1 |
| 2022-11-30 | $450/wk | 1 |
| 2022-12-31 | $450/wk | 1 |
| 2023-01-31 | $450/wk | 1 |
| 2024-02-29 | $480/wk | 1 |
| 2024-03-31 | $480/wk | 1 |
| 2024-04-30 | $480/wk | 1 |
| 2024-05-31 | $480/wk | 1 |
| 2024-06-30 | $480/wk | 1 |
| 2024-07-31 | $480/wk | 1 |
| 2024-08-31 | $480/wk | 1 |
| 2024-09-30 | $480/wk | 1 |
| 2024-10-31 | $480/wk | 1 |
| 2024-11-30 | $480/wk | 1 |
| 2024-12-31 | $480/wk | 1 |
| 2025-01-31 | $480/wk | 1 |
| 2025-02-28 | $480/wk | 1 |
| 2025-10-31 | $550/wk | 1 |
| 2025-11-30 | $550/wk | 1 |
| 2025-12-31 | $550/wk | 1 |
| 2026-01-31 | $550/wk | 1 |
| 2026-02-28 | $550/wk | 1 |
| 2026-03-31 | $550/wk | 1 |
| 2026-04-30 | $550/wk | 1 |
| 2026-05-31 | $550/wk | 1 |
| 2026-06-30 | $550/wk | 1 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | — | — | $1.37m | — |
| Median rent | — | — | — | — |
| Implied yield | — | — | — | — |
| Address | Sold price |
|---|---|
| 149 Salmon Road, Garnant | $1,370,000 |