A former Mount Morgan mine locality with a genuine recent run — $397,500 median, +68.4% over 12 months and a 26.5%/yr 5-year price CAGR — on a ~6.5% yield and an 18% rental base, the deepest tenant share of the immediate Mount Morgan fringe.
It rides Mount Morgan's disadvantaged-town economics (income 54% below the metro) and old ex-mine cottage stock — repair-heavy and LRBA-unfundable — with a thin 4-sale market that makes both entry pricing and exit a guess.
The same structural constraints as the township next door: chronic water insecurity (pre-pipeline), range-crossing access ~38-42 min to Rockhampton, and no per-lot flood or bushfire mapping to rely on.
A Mount-Morgan-satellite play with a strong yield and price signal but the same repair, remoteness and thin-market risks — only for an SMSF already comfortable with the Mount Morgan thesis, on the soundest-framed house available and sized for vacancy risk.
| Dimension | Verdict | Why |
|---|---|---|
| Capital growth | ✓ Good | 26.5% compound over 5 yrs, 68.4% last 12m. Past growth is already in the price — sustaining it depends on the supply picture below. trend data (this DB) |
| Rental yield | ✓ Good | 6.5% gross — strong; can approach self-funding at LRBA rates. PropTrack via suburb page |
| Flood risk | ◐ Mixed | Elevated Dee-valley / ranges locality, so low riverine risk, but ranges bushfire season (Jul-Nov) is the real climate hazard and no per-suburb flood study exists — check RRC flood maps at address level. flood factpack (Capricorn Enterprise 2026); RRC flood maps (verify at address) |
| Crime | ◐ Mixed | No suburb-level QPS data (pop 156); policed by the Mount Morgan division, whose town profile runs above the QLD average (202.7/1,000) but is drug/disorder-weighted with low absolute burglary — verify on the QPS crime map. crime factpack — RedSuburbs/QPS 2025 (Mount Morgan division proxy) |
| Infrastructure | ◐ Mixed | A former Mount Morgan mine area immediately adjacent the township, so shares its school and shops, but ~38-42 min over the range to Rockhampton's hospital and retail. transport factpack (drive-time estimates) |
| Owner-occupier appeal | ✓ Good | 77% owned / 18% rented, 48% 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 development pipeline — static rural / ex-mining stock in the Mount Morgan micro-market; structural scarcity, though demand is thin. supply factpack (Mount Morgan micro-market — no estate pipeline) |
| Distance to rail | ✗ Bad | No commuter rail in the region; ~38-42 min to Rockhampton CBD over the Burnett Hwy range crossing (the Razorback), car-dependent with no fixed-route bus. transport factpack — Burnett Hwy drive time |
| Housing stock & upkeep | ✗ Bad | Old ex-mine cottage stock on tank/septic; repair-heavy and LRBA-unfundable. editorial — stock-age judgment |
| Month | Value | Sample |
|---|---|---|
| 2021-07-31 | $125,000 | 5 |
| 2021-08-31 | $125,000 | 5 |
| 2021-09-30 | $130,000 | 6 |
| 2021-10-31 | $125,000 | 7 |
| 2021-11-30 | $125,000 | 6 |
| 2021-12-31 | $125,000 | 6 |
| 2022-01-31 | $125,000 | 5 |
| 2022-02-28 | $122,500 | 6 |
| 2022-03-31 | $122,500 | 6 |
| 2022-04-30 | $122,500 | 6 |
| 2022-05-31 | $122,500 | 6 |
| 2022-06-30 | $115,000 | 6 |
| 2022-07-31 | $115,000 | 6 |
| 2022-08-31 | $110,000 | 5 |
| 2022-09-30 | $110,000 | 5 |
| 2022-10-31 | $110,000 | 5 |
| 2022-11-30 | $128,000 | 6 |
| 2022-12-31 | $128,000 | 6 |
| 2023-01-31 | $128,000 | 6 |
| 2023-02-28 | $149,500 | 6 |
| 2023-03-31 | $149,500 | 6 |
| 2023-04-30 | $156,500 | 8 |
| 2023-05-31 | $160,000 | 9 |
| 2023-06-30 | $160,000 | 9 |
| 2023-07-31 | $160,000 | 9 |
| 2023-08-31 | $153,000 | 11 |
| 2023-09-30 | $146,000 | 9 |
| 2023-10-31 | $153,000 | 8 |
| 2023-11-30 | $160,000 | 7 |
| 2023-12-31 | $165,000 | 8 |
| 2024-01-31 | $165,000 | 8 |
| 2024-02-29 | $177,500 | 8 |
| 2024-03-31 | $177,500 | 8 |
| 2024-04-30 | $170,000 | 7 |
| 2024-05-31 | $153,500 | 6 |
| 2024-06-30 | $185,000 | 5 |
| 2024-07-31 | $190,000 | 6 |
| 2024-08-31 | $195,000 | 5 |
| 2024-09-30 | $195,000 | 5 |
| 2024-10-31 | $195,000 | 5 |
| 2024-11-30 | $213,500 | 6 |
| 2024-12-31 | $208,500 | 6 |
| 2025-01-31 | $208,500 | 6 |
| 2025-02-28 | $236,000 | 6 |
| 2025-03-31 | $236,000 | 6 |
| 2025-04-30 | $232,000 | 5 |
| 2025-05-31 | $236,000 | 6 |
| 2025-06-30 | $236,000 | 6 |
| 2025-07-31 | $243,500 | 6 |
| 2025-08-31 | $255,000 | 5 |
| 2025-09-30 | $243,500 | 6 |
| 2025-10-31 | $243,500 | 6 |
| 2025-11-30 | $255,000 | 5 |
| 2025-12-31 | $320,000 | 4 |
| 2026-01-31 | $320,000 | 4 |
| 2026-02-28 | $397,500 | 4 |
| 2026-03-31 | $410,000 | 5 |
| 2026-04-30 | $410,000 | 5 |
| 2026-05-31 | $397,500 | 4 |
| 2026-06-30 | $397,500 | 4 |
| Month | Value | Sample |
|---|---|---|
| 2021-11-30 | $385/wk | 1 |
| 2021-12-31 | $385/wk | 1 |
| 2022-01-31 | $385/wk | 1 |
| 2022-02-28 | $385/wk | 1 |
| 2022-03-31 | $385/wk | 1 |
| 2022-04-30 | $358/wk | 2 |
| 2022-05-31 | $358/wk | 2 |
| 2022-06-30 | $358/wk | 2 |
| 2022-07-31 | $358/wk | 2 |
| 2022-08-31 | $358/wk | 2 |
| 2022-09-30 | $358/wk | 2 |
| 2022-10-31 | $358/wk | 2 |
| 2022-11-30 | $330/wk | 1 |
| 2022-12-31 | $330/wk | 1 |
| 2023-01-31 | $330/wk | 1 |
| 2023-02-28 | $345/wk | 2 |
| 2023-03-31 | $345/wk | 2 |
| 2023-04-30 | $360/wk | 1 |
| 2023-05-31 | $360/wk | 3 |
| 2023-06-30 | $360/wk | 3 |
| 2023-07-31 | $360/wk | 3 |
| 2023-08-31 | $373/wk | 4 |
| 2023-09-30 | $373/wk | 4 |
| 2023-10-31 | $373/wk | 4 |
| 2023-11-30 | $373/wk | 4 |
| 2023-12-31 | $373/wk | 4 |
| 2024-01-31 | $373/wk | 4 |
| 2024-02-29 | $373/wk | 4 |
| 2024-03-31 | $373/wk | 4 |
| 2024-04-30 | $385/wk | 3 |
| 2024-05-31 | $385/wk | 3 |
| 2024-06-30 | $418/wk | 2 |
| 2024-07-31 | $450/wk | 2 |
| 2024-08-31 | $450/wk | 1 |
| 2024-09-30 | $450/wk | 1 |
| 2024-10-31 | $450/wk | 1 |
| 2024-11-30 | $450/wk | 1 |
| 2024-12-31 | $450/wk | 1 |
| 2025-01-31 | $450/wk | 1 |
| 2025-02-28 | $450/wk | 1 |
| 2025-03-31 | $450/wk | 1 |
| 2025-05-31 | $500/wk | 1 |
| 2025-06-30 | $500/wk | 2 |
| 2025-07-31 | $500/wk | 2 |
| 2025-08-31 | $500/wk | 2 |
| 2025-09-30 | $500/wk | 2 |
| 2025-10-31 | $500/wk | 2 |
| 2025-11-30 | $500/wk | 2 |
| 2025-12-31 | $500/wk | 2 |
| 2026-01-31 | $500/wk | 2 |
| 2026-02-28 | $500/wk | 2 |
| 2026-03-31 | $500/wk | 2 |
| 2026-04-30 | $500/wk | 2 |
| 2026-05-31 | $500/wk | 2 |
| 2026-06-30 | $500/wk | 1 |
| 2 bed | 3 bed | 4 bed | 5+ bed | |
|---|---|---|---|---|
| Median price | $415k | $285k | $500 | — |
| Median rent | — | — | $500/wk | — |
| Implied yield | — | — | 5200.0% | — |
| Address | Sold price |
|---|---|
| 1 Lee Street, Walterhall | $550,000 |
| 26 Grey Street, Walterhall | $320,000 |