Rural highway scarcity minutes west of Gracemere, with a stated 5.2% yield — the mechanical income read is the corridor's highest on paper.
That yield rests on a single rental listing and the market is five sales a year with prices down 20.8% — noise, not a signal — and only 15% of homes are rented, so there is almost no tenant pool. No services of its own; ~18-22 min to the CBD.
Older rural stock on tank/septic (upkeep the LRBA cannot fund) plus unverified per-address flood status on the Capricorn Hwy corridor — structural costs you can't renovate away.
Not an SMSF income thesis — a thin, illiquid rural market whose headline yield is a one-listing artefact. Only a long-hold rural land-bank on a dry, low-maintenance block, for a fund that doesn't need the rent.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✗ Bad | 2.8% compound over 5 yrs, -20.8% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✓ Good | 5.2% gross — strong; can approach self-funding at LRBA rates. PropTrack via suburb page |
| Flood risk | ◐ Mixed | No suburb-level flood record found; a Capricorn Hwy corridor locality west of Gracemere where the highway itself can be cut in major events. No certainty either way — check RRC flood mapping / Spatial Data Hub at the address. Flood factpack (UNCERTAIN); RRC Interactive Mapping |
| Crime | ◐ Mixed | No dedicated crime data (small rural locality); policed by the Gracemere division. Assumed low absolute crime on population, but unverified — treat the Gracemere division profile as the proxy. Crime factpack (UNCERTAIN; Gracemere division proxy) |
| Infrastructure | ✗ Bad | Small highway locality with no township services of its own; ~18-22 min to the CBD, minimal bus — relies on Gracemere (~5 min away) and Rockhampton for shops, schools and health. Transport factpack (drive-time est.) |
| Owner-occupier appeal | ✓ Good | 83% owned / 15% rented, 77% 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/large-lot highway locality with no estate or PDA pipeline identified — structural land scarcity, and Gracemere's flat-land supply front does not reach here. Supply factpack (thin data) |
| Distance to rail | ◐ Mixed | As transport access, ~18-22 min to the CBD on the Capricorn Hwy (duplicated to Gracemere, then two-lane); car-dependent with minimal bus. Transport factpack (drive-time est.) |
| Housing stock & upkeep | ✗ Bad | Older rural/rural-residential stock (resident median age 43, 83% owner-occupied, large lots) on tank/septic — land-based upkeep the LRBA cannot fund. editorial — rural stock judgment |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $415,000 | 6 |
| 2021-08-31 | $415,000 | 6 |
| 2021-09-30 | $500,000 | 9 |
| 2021-10-31 | $500,000 | 9 |
| 2021-11-30 | $500,000 | 9 |
| 2021-12-31 | $500,000 | 7 |
| 2022-01-31 | $512,500 | 6 |
| 2022-02-28 | $512,500 | 6 |
| 2022-03-31 | $500,000 | 7 |
| 2022-04-30 | $495,000 | 9 |
| 2022-05-31 | $495,000 | 9 |
| 2022-06-30 | $495,000 | 9 |
| 2022-07-31 | $497,500 | 8 |
| 2022-08-31 | $495,000 | 9 |
| 2022-09-30 | $310,000 | 5 |
| 2022-10-31 | $290,000 | 6 |
| 2022-11-30 | $310,000 | 7 |
| 2022-12-31 | $310,000 | 7 |
| 2023-01-31 | $310,000 | 7 |
| 2023-02-28 | $296,000 | 8 |
| 2023-03-31 | $310,000 | 7 |
| 2023-04-30 | $282,000 | 5 |
| 2023-05-31 | $282,000 | 5 |
| 2023-06-30 | $396,000 | 6 |
| 2023-07-31 | $396,000 | 6 |
| 2023-08-31 | $510,000 | 5 |
| 2023-09-30 | $510,000 | 5 |
| 2023-10-31 | $540,000 | 4 |
| 2023-11-30 | $510,000 | 3 |
| 2023-12-31 | $540,000 | 4 |
| 2024-01-31 | $540,000 | 4 |
| 2024-02-29 | $570,000 | 3 |
| 2024-03-31 | $610,000 | 2 |
| 2024-04-30 | $510,000 | 3 |
| 2024-05-31 | $610,000 | 4 |
| 2024-06-30 | $710,000 | 3 |
| 2024-07-31 | $710,000 | 3 |
| 2024-08-31 | $710,000 | 3 |
| 2024-09-30 | $710,000 | 3 |
| 2024-10-31 | $740,000 | 4 |
| 2024-11-30 | $740,000 | 4 |
| 2024-12-31 | $770,000 | 3 |
| 2025-01-31 | $770,000 | 3 |
| 2025-02-28 | $805,000 | 4 |
| 2025-03-31 | $805,000 | 4 |
| 2025-04-30 | $805,000 | 4 |
| 2025-05-31 | $634,500 | 4 |
| 2025-06-30 | $600,000 | 5 |
| 2025-07-31 | $600,000 | 5 |
| 2025-08-31 | $600,000 | 5 |
| 2025-09-30 | $600,000 | 5 |
| 2025-10-31 | $499,000 | 5 |
| 2025-11-30 | $499,000 | 5 |
| 2025-12-31 | $487,000 | 6 |
| 2026-01-31 | $475,000 | 7 |
| 2026-02-28 | $447,500 | 6 |
| 2026-03-31 | $475,000 | 7 |
| 2026-04-30 | $475,000 | 7 |
| 2026-05-31 | $497,500 | 6 |
| 2026-06-30 | $475,000 | 5 |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $330/wk | 1 |
| 2022-02-28 | $650/wk | 1 |
| 2022-03-31 | $650/wk | 1 |
| 2022-04-30 | $650/wk | 1 |
| 2022-05-31 | $650/wk | 1 |
| 2022-06-30 | $650/wk | 1 |
| 2022-07-31 | $650/wk | 1 |
| 2022-08-31 | $650/wk | 1 |
| 2022-09-30 | $650/wk | 1 |
| 2022-10-31 | $650/wk | 1 |
| 2022-11-30 | $650/wk | 1 |
| 2022-12-31 | $650/wk | 1 |
| 2023-01-31 | $650/wk | 1 |
| 2023-02-28 | $650/wk | 1 |
| 2023-03-31 | $650/wk | 1 |
| 2026-06-30 | $475/wk | 1 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | $400k | $520k | $670k | — |
| Median rent | — | $475/wk | — | — |
| Implied yield | — | 4.8% | — | — |
| Address | Sold price |
|---|---|
| 54 Wiseman Street, Kabra | $670,000 |
| 8 Cecil Street, Kabra | $520,000 |